Why Burlington Stores Stock Jumped This Morning

Shares of discount retailer Burlington Stores (BURL 11.47%) soared on Thursday. Following the release of strong fourth-quarter results, the stock opened 13.4% higher and backed down to an 11.5% overnight gain by 11 a.m. ET.Burlington's sales numbers rose in a shorter quarterBurlington's fourth-quarter sales rose 4.8% year over year, in line with the consensus analyst target of $3.28 billion. That's a robust increase, since the year-ago period was 14 weeks long, but this quarter only reflected 13 weeks of bu ...