Burlington Coat Factory reports Q3 sales

Saturday, March 08, 2008 (USA)

Burlington Coat Factory Warehouse Corporation announced that net sales from continuing operations for the third quarter ended March 1, 2008 were $987.1 million compared with $987.3 million for the comparative period ended March 3, 2007.

These results reflect a 6.0% comparative store sales decrease for the quarter. The decrease in comparative store sales during the quarter was due to weaker consumer demand.

Net sales from continuing operations for the nine months ended March 1, 2008 were $2.612 billion compared with $2.629 billion for the comparative period ended March 3, 2007, a 0.6% decrease. These results reflect a 5.8% comparative store sales decrease for the nine-month period.

During the nine months ended March 1, 2008, the Company opened nineteen Burlington Coat Factory stores. An additional three Burlington Coat Factory stores were relocated during the nine month period to locations within the same trading market.

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