Home / Knowledge / News / Apparel/Garments / Positive sales growth at Burlington Coat Factory
Positive sales growth at Burlington Coat Factory
15
Sep '11
Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries, a nationwide retailer based in Burlington, New Jersey, announced its results for the second quarter and year to date ended July 30, 2011.

Second Quarter Fiscal 2011 Operating Results
Comparative store sales increased 4.0% and total net sales increased 8.9% to $793.3 million for the three months ended July 30, 2011 compared with last year.

Adjusted EBITDA for the three months ended July 30, 2011 increased $15.3 million or 196.2% to $23.1 million compared with $7.8 million for the three months ended July 31, 2010. The increase in the Company's Adjusted EBITDA of $15.3 million was driven by the increase in sales, a 50 basis point increase in gross margin, and improved SG&A expense leverage.

Year to Date Fiscal 2011 Operating Results
Comparative store sales increased 2.1%. Total net sales increased 6.1% to $1,722.4 million for the six months ended July 30, 2011 compared with last year.

Adjusted EBITDA increased $17.4 million, or 20.2%, to $103.5 million for the six months ended July 30, 2011 compared with last year. The increase in the Company's Adjusted EBITDA of $17.4 million was primarily driven by our increased sales, and our improved expense leverage. We plan to invest more heavily in our operations in the third quarter to continue to improve execution during the fall season.

Tom Kingsbury, President and Chief Executive Officer stated, “We are extremely pleased with our 196.2% increase in Adjusted EBITDA, which was driven by our 8.9% overall sales growth and, most importantly, our 4.0% comparative store sales increase. This marks our fifth quarter out of the last six with a positive comparative store increase. I would like to thank our store and corporate teams for contributing to this result.”

Burlington Coat Factory is a nationally recognized retailer of high-quality, branded apparel at everyday low prices. The Company currently serves its customers through its 462 stores in 44 states and Puerto Rico.

Burlington Coat Factory Investments Holdings Inc


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search