Burlington Stores, Inc. (NYSE: BURL) stock surged after reporting second-quarter fiscal 2025 revenue of $2.705 billion, up 10% from last year. Net income was $94 million, or $1.47 per diluted share, with adjusted earnings at $1.72 per share. Gross margin expanded to 43.7%, with adjusted EBIT of $162 million.

Adjusted EBITDA increased to $257 million as SG&A expenses improved to 26.7%. For the first six months of fiscal 2025, revenue grew 8% to $5.21 billion, with net income at $195 million. Adjusted net income rose to $217 million, and adjusted EBIT reached $314 million.

Operating cash flow for the first six months was $150.53 million. Burlington ended the second quarter with total liquidity of $1.69 billion, $2.04 billion in total debt, and $748 million in unrestricted cash.

CEO Michael O’Sullivan highlighted strong comparable store sales growth and margin performance. Burlington raised its adjusted EPS outlook for fiscal 2025 to $9.19 to $9.59. Full-year sales guidance was lifted to $11.38 billion to $11.49 billion.

For the third quarter, Burlington forecasted adjusted EPS of $1.50 to $1.60 and sales of $2.66 billion to $2.71 billion. O’Sullivan emphasized the company’s strong second-quarter results and the link to key strategies for future success. Price Action: BURL shares rose by 7.38% to $300.99 premarket.

Read more at Yahoo Finance: Burlington Stores Raises Annual Outlook As CEO Highlights Strong Margins