Burlington, N.J. — Burlington Stores Inc. is in the black.
The company swung to a net income of $10.9 million in the second quarter of fiscal 2015 from a net loss of $6.47 million the same quarter of last year. Decreases in stock option and interest expenses, as well as some impairment charges, helped bring Burlington to profitability.
Net sales rose 10% to $1.14 billion from $1.04 billion, while same-store sales grew 5.6%.