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Fashion retailer Burlington Coat Q2 sales grow 8.4%

05
Jan '06

New Jersey based national department store retail chain Burlington Coat Factory Warehouse Corporation reported its net income and sales for the second quarter ended November 26, 2005 and its comparative store sales for the five weeks ended December 31, 2005.

For the three months ended November 26, 2005, income from continuing operations was $45.4 million, or $1.01 per share.

This compares with income from continuing operations of $41.5 million, or $0.93 per share, for the corresponding period ended November 27, 2004.

Sales for three months ended November 26, 2005 were $945.4 million compared with sales of $872.0 million during the corresponding period ended November 27, 2004.

Comparative store sales for the quarter increased 5.3 percent.

Total sales for the quarter increased 8.4 percent over the comparative quarter of the prior fiscal year.

Sales for the six months ended November 26, 2005 were $1.60 billion compared with sales of $1.45 billion during the corresponding period ended November 27, 2004.

Comparative store sales for the six months increased 6.8 percent.

Total sales for the comparative six months increased 10.4 percent over the comparative six months of the prior fiscal year.

During the six months ended November 26, 2005, the Company opened eight Burlington Coat Factory stores and three free standing MJM Designer Shoe stores.

An additional five Burlington Coat Factorystores were relocated during the first six months of the current fiscal year to locations within the same trading market.

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