Operating Results For First Quarter Fiscal 2013
Net sales increased 8.4% to $1,065.0 million for the quarter compared with $982.4 million for the quarter ended April 28, 2012. Comparative store sales increased 3.4%.
Adjusted Net Income for the quarter increased $10.3 million to $11.1 million. The increase was primarily driven by sales growth and improved gross margin rate, partially offset by increased selling and administrative expenses.
EBITDA for the quarter increased $5.9 million to $69.6 million. Excluding the impact of $8.9 million of costs related to the amendment of our Term Loan Facility in February 2013, EBITDA increased by $14.8 million.
Tom Kingsbury, President and Chief Executive Officer stated, “We are very pleased with our $10.3 million increase in Adjusted Net Income during the quarter, which was driven by our 8.4% overall sales growth and, most importantly, our 3.4% comparative store sales increase.
“We continue to stay focused on delivering more fresh values to our customers on a daily basis. I would like to thank our store and corporate team for contributing to these great results.”
About Burlington Coat Factory
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 503 stores in 44 states and Puerto Rico.
Burlington Coat Factory
Textiles | On 27th May 2018
To curb illegal imports, Ghanaian authorities will put a tax stamp on ...
Apparel/Garments | On 27th May 2018
Partners Group, a private markets investment manager, and Kedaara...
We constantly communicate with employees at all levels
Colorjet India Limited
We would like to venture more companies into the Indian market
Narayan Tex Fab
I find it hard to find professionals in Surat
Oswal Prints Private Limited has been manufacturing and exporting ethnic...
<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...
Sushila International, a well established textile organisation established ...
The Indian market has huge potential in technical textiles, and by far,...
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...
Usha Social Services
The Usha Silai label from Usha International is all set for a retail...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...