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Burlington Coat's comparative store sales up

18
Apr '12
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 January 28, 2012 (Fiscal 2011).

Net sales increased 5.0% to $3,854.1 million during Fiscal 2011 compared with $3,669.6 million during Fiscal 2010. Comparative store sales increased 0.7%.

Primarily driven by increased net sales and slightly higher margins, Adjusted EBITDA increased $11.9 million, or 3.5%, to $350.0 million during Fiscal 2011 from $338.1 million during the prior year.

Adjusted Pre-Tax Income, Exclusive of the Impact of the Company's Debt Refinancing as defined below, increased $9.0 million to $62.1 million during Fiscal 2011. The increase is primarily driven by increased net sales and slightly higher margins.

Tom Kingsbury, President and Chief Executive Officer, stated, “We were pleased to report our fourth consecutive year of Adjusted EBITDA growth which was driven by our 5.0% overall sales growth, inclusive of our 0.7% comparative store increase. Many areas of the business contributed to our positive comparative store increase for the year. We believe our current momentum, reduction in aged inventory, and outstanding support that we are receiving from the vendor community has us well positioned for 2012.”

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 482 stores in 44 states and Puerto Rico.

Burlington Coat Factory Investments Holdings, Inc


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