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Burlington Coat's Q3 sales register modest gain of 0.7%

02
Mar '06
New Jersey based national department store retail chain Burlington Coat Factory Warehouse Corporation announced that net sales from continuing operations for the third quarter ended February 25, 2006, were $1,023.6 million compared with $968.1 million for the comparative period ended February 26, 2005, a 5.7 percent increase.

These results reflect a 3.5 percent comparative store sales increase for the quarter. December comparative store sales increased 7.5 percent, January comparative store sales decreased 3.6 percent and February comparative store sales increased 0.7 percent, compared with the same periods last year.

Net sales from continuing operations for the nine months ended February 25, 2006, were $2.620 billion compared with $2.414 billion for the comparative period ended February 26, 2005, an 8.5 percent increase.

These results reflect a 5.5 percent comparative store sales increase for the nine-month period.

During the nine months ended February 25, 2006, the Company opened eight Burlington Coat Factory stores and three free-standing MJM Designer Shoe stores.

An additional five Burlington Coat Factory stores were relocated during nine months ended February 25, 2006, to locations within the same trading market.

Two Burlington Coat Factory stores and two Luxury Linens store were closed during the nine months ended February 25, 2006.

In addition, the Company has three Burlington Coat Factory stores that remain temporarily closed due to damage caused by Hurricanes Katrina and Wilma.


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