Burlington Stores Shares Rally 8% As Company Expects Flat Sales
January 11, 2016 at 16:50 PM EST
Burlington Stores Inc. shares rose more than 8% in late trading Monday after the off-price retailer said it expects flat comparable-store sales in the fourth quarter, and forecast its net sales to increase by 3.7% in the quarter, at the lower end of its previous guidance of an increase between 3.7% and 4.7% in net sales.