Burlington Coat Factory Reports First Quarter 2010 Sales

BURLINGTON, N.J.-(Business Wire)-September 4, 2009 - Burlington Coat Factory Warehouse Corporation announced today that net sales from continuing operations for the first quarter ended August 29, 2009 were $704.6 million compared with $706.7 million for the comparative period ended August 30, 2008, a 0.3% decrease. Comparative store sales decreased 6.9% for the period.

Tom Kingsbury, Chief Executive Officer, stated, “Sales this quarter were in line with our plan as last year’s comparable quarter is our most difficult comparison. Given our continued focus on expense management, we expect Adjusted EBITDA in this quarter to increase versus last year.”

As of September 4, 2009, the Company operated 433 stores in 44 states and Puerto Rico, principally under the name “Burlington Coat Factory”.

Statements made in this press release that are forward-looking (within the meaning of the Private Securities Litigation Reform Act of 1995) are not historical facts and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: general economic conditions; consumer demand; consumer preferences; weather patterns; competitive factors, including pricing and promotional activities of major competitors; the availability of desirable store locations on suitable terms; the availability, selection and purchasing of attractive merchandise on favorable terms; import risks; the Company’s ability to control costs and expenses; unforeseen computer related problems; any unforeseen material loss or casualty; the effect of inflation; and other factors that may be described in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied will not be realized.

Send this news item to a friend.

Print This Page