Business

Burlington Lifts Outlook as Quarterly Sales Jump

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Burlington Stores BURL 7.76%increase; green up pointing triangle raised its outlook for the year after logging higher profit and sales in its fiscal first quarter, as concerns about inflation and the economy continued driving consumers to seek value.

The off-price retailer on Thursday posted net income of $114.7 million, or $1.79 a share, for its three months ended May 2, compared with $100.8 million, or $1.58 a share, a year earlier.

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