07:11 AM EDT, 05/30/2024 (MT Newswires) -- Burlington Stores ( BURL ) reported Q1 adjusted diluted earnings Thursday of $1.35 per share, up compared with $0.84 per share a year earlier.

Analysts polled by Capital IQ expected $1.05 per share.

Revenue for the quarter ended May 4 was $2.36 billion, up from $2.14 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.34 billion.

The company raised its 2024 adjusted earnings forecast to between $7.35 and $7.75 per share from $7.00 to $7.60 previously. Analysts surveyed by Capital IQ expect $7.42 per share.

Additionally, the company said Q2 adjusted earnings are expected to be in the range of $0.83 to $0.93 per share. Analysts surveyed by Capital IQ expect $0.93 per share. The company expects revenue to increase by 9% to 11% for the quarter. Analysts polled by Capital IQ expect $2.41 billion.

Burlington Stores ( BURL ) shares rose more than 12% in the premarket trading.

Price: 224.85, Change: +24.49, Percent Change: +12.22