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Burlington Coat net sales up for third quarter
09 Mar '09
1 min read
Burlington Coat Factory Warehouse Corporation announced that net sales from continuing operations for the third quarter ended February 28, 2009 were $1.022 billion compared with $987.1 million for the comparative period ended March 1, 2008, a 3.5% increase. Comparative store sales decreased 4.3% for the quarter.
Net sales from continuing operations for the nine months ended February 28, 2009 were $2.731 billion compared with $2.612 billion for the comparative period ended March 1, 2008, a 4.5% increase. These results reflect a 2.3% comparative store sales decrease for the period.
Tom Kingsbury, Chief Executive Officer, stated, “We are very pleased to report a total sales and market share increase while simultaneously executing on our cost savings and receipt management initiatives.”
During the nine months ended February 28, 2009, the Company opened thirty net new Burlington Coat Factory stores. During the remainder of the current fiscal year, the Company expects to open six additional stores. Two stores remain closed as a result of hurricane “Ike” and are expected to reopen during the fourth quarter of fiscal 2009.
As of February 28, 2009, the Company operated 427 stores in 44 states and Puerto Rico, principally under the name “Burlington Coat Factory.”
Net sales from continuing operations for the nine months ended February 28, 2009 were $2.731 billion compared with $2.612 billion for the comparative period ended March 1, 2008, a 4.5% increase. These results reflect a 2.3% comparative store sales decrease for the period.
Tom Kingsbury, Chief Executive Officer, stated, “We are very pleased to report a total sales and market share increase while simultaneously executing on our cost savings and receipt management initiatives.”
During the nine months ended February 28, 2009, the Company opened thirty net new Burlington Coat Factory stores. During the remainder of the current fiscal year, the Company expects to open six additional stores. Two stores remain closed as a result of hurricane “Ike” and are expected to reopen during the fourth quarter of fiscal 2009.
As of February 28, 2009, the Company operated 427 stores in 44 states and Puerto Rico, principally under the name “Burlington Coat Factory.”
Burlington Coat Factory Warehouse Corporation
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