RTTNews | Mar 4, 2021 10:19AM EST

10:18 Thursday, March 4, 2021 (RTTNews.com) - Shares of Burlington Stores Inc. (BURL) are gaining over 14% on Thursday morning driven by the off-price retailer's fourth-quarter results, which came in ahead of Wall Street expectations.

BURL is currently trading at $289.25, up $35.64 or 14.05%, on the Nasdaq.

Burlington reported fourth-quarter profit of $156 million or $2.33 per share, compared to $206 million or $3.08 per share last year. On an adjusted basis, earnings were $2.44 per share, compared to $3.21 per share last year.

Revenues grew 3.5% to $2.28 billion from $2.21 billion last year.

Analysts polled by Thomson Reuters expected earnings of $2.12 per share on revenues of $2.08 billion. Same-store sales were flat for the quarter.

The company said it is not providing specific sales or earnings guidance for full year 2021.

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