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Burlington Coat Factory sales up 7.2% in FY'13
26
Apr '13
Burlington Coat Factory Investments Holdings, Inc. and its operating subsidiaries (the Company), a nationwide retailer based in Burlington, New Jersey, announced its operating results for the fiscal year ended February 2, 2013 (Fiscal 2012).

Highlights:

-Comparative store sales for the 52 week comparable period increased 1.2% during Fiscal 2012.
-Total Sales during the fourth quarter and full Fiscal 2012 increased 6.8% and 7.2%, respectively.
-Adjusted EBITDA for Fiscal 2012 increased $2.1 million to $352.1 million.
-Comparable store inventories decreased 13% at year end which contributed to a 16% faster inventory turnover during Fiscal 2012.

Operating Results For Fiscal 2012

Net sales for the 53 week fiscal year increased 7.2% to $4,131.4 million during Fiscal 2012 compared with $3,854.1 million during Fiscal 2011. Comparative store sales for the year on a 52 week basis increased 1.2%. Adjusted EBITDA of $352.1 million represents an increase of $2.1 million, or 0.6%, during Fiscal 2012 compared with the prior year.

Tom Kingsbury, President and Chief Executive Officer stated, “We are very proud of our achievements in 2012, which included: celebrating our 40th anniversary, opening our 500th store and exceeding $4 billion in total sales. In addition, for the second year in a row, we delivered both a comparative store sales and Adjusted EBITDA increase. We are very excited about 2013 based on the increased tenure of our merchandising organization, our level of both buying and financial liquidity and the outstanding support we are receiving from the vendor community.”

Burlington Coat Factory


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