10:25 AM EST, 03/06/2025 (MT Newswires) -- Burlington Stores' ( BURL ) shares surged intraday Thursday after the off-price retailer reported higher-than-expected fiscal fourth-quarter results and indicated that the ongoing economic uncertainty could benefit discount stores.

Adjusted per-share earnings jumped to $4.07 in the three months to Feb. 1 from $3.66 a year earlier, exceeding the consensus of $3.77 on FactSet. Revenue rose 5% to $3.28 billion, ahead of Wall Street's $3.24 billion estimate.

Comparable sales increased 6%. The company reported higher gross margins and better-than-expected progress in supply chain initiatives, Chief Executive Michael O'Sullivan said in a statement.

Burlington's shares were advancing nearly 12% in Thursday trading.

"The outlook for 2025 is very uncertain and we will plan and manage our business accordingly. That said, this is the kind of environment where the off-price model is at its best," O'Sullivan said. "We will manage our business cautiously and flexibly and be ready to react to whatever happens externally."

There are "significant economic, political and geopolitical risks that could affect consumers," O'Sullivan said on a conference call, according to a FactSet transcript.

President Donald Trump is exempting automakers from tariffs on Mexico and Canada for a month, and may consider additional relief, CNBC reported Wednesday, citing a White House spokesperson. Trump's recently announced 25% tariffs against the two nations went into effect Tuesday, while the US government doubled its levy on Chinese imports. Canada and China have announced retaliatory measures.

For the year to January 2026, the company expects adjusted EPS of $8.70 to $9.30, up from the prior year's $8.35, but below analysts' expectations for $9.43. Burlington forecasts revenue growth of 6% to 8%.

For the ongoing quarter, it sees adjusted EPS of $1.30 to $1.45, compared with $1.42 in the same period last year and the consensus view of $1.71. Revenue growth is pegged at 5% to 7%.

Burlington plans to open around 100 net new stores in the current fiscal year, after adding 101 in 2024.

Price: 266.15, Change: +29.20, Percent Change: +12.32