Burlington's off-price model fuels sales growth

Burlington Stores reported a 5 percent increase in fourth-quarter sales to 3.3 billion dollars, driven by a 6 percent rise in comparable store sales, reflecting strong demand for its off-price model. The company’s net income grew to 267 million dollars or 4.13 dollars per share, while EBITDA increased to 456 million dollars and EBIT to 364 million dollars.