Burlington Stores posts 58 percent rise in Q1 net income

Burlington Stores, Inc. announcing its first quarter results for the thirteen weeks ended May 5, 2018, said that total sales increased 12.8 percent to 1,518 million dollars. New and non-comparable stores contributed an incremental 82 million dollars in sales during the quarter. Accounting for the calendar shift from the 53rdweek in fiscal 2017, comparable store sales increased 4.8 percent. Net income increased 58 percent over the prior year period to 83 million dollars or 1.20 dollars per share vs. 0.73 dollar last year, and adjusted net income increased 54 percent to 87 million dollars or 1.26 dollars per share, vs. 0.79 dollar last year.