Burlington Stores recorded higher second-quarter sales and said it plans to use its tariff refunds to lower prices for shoppers.

The discount retailer on Thursday posted a profit of $184.3 million, or $2.88 a share, compared with $94.2 million, or $1.47 a share, a year earlier.

Adjusted earnings per share, excluding tariff refunds and expenses associated with bankruptcy acquired leases, were $2.37, ahead of the $2.19 anticipated by analysts, according to FactSet.

Revenue rose 11% to $3.00 billion, missing analysts' forecast of $3.03 billion. Same-store sales rose 2%, also below the 3% growth analysts hadprojected.

The company raised its adjusted earnings per share guidance to $11.77 to $11.97, up from its earlier projection of $11.45 to $11.80.

It also narrowed its full-year sales outlook to a range of 10% to 11% growth, compared with prior guidance of 9% to 11%.

In the current quarter, Burlington expects adjusted earnings per share of $1.60 to $1.70, which would be below the $2.04 analysts are projecting. It anticipates 9% to 11% sales growth.

Burlington received $55 million in tariff refunds during the second quarter, which the company plans to fully invest back into the business. The goal is to deliver more value to shoppers to address the rising cost of living, Chief Executive Michael O'Sullivan said.

"We plan to use the refunds to make these deals even better," he said.

Because Burlington is reinvesting the refunds, they have a neutral impact on the company's annual guidance.