COMPANY CONTACT
Robert L. LaPenta, Jr.
Vice President - Treasurer
FIRST QUARTER SALES
Burlington, NJ - September 6, 2007 - Burlington Coat Factory Warehouse Corporation announced today that net sales from continuing operations for the first quarter ended September 1, 2007 were $673.9 million compared with $656.8 million for the first quarter ended September 2, 2006, a 2.6% increase. These results reflect a 2.0% comparative store sales decrease for the quarter. June comparative store sales decreased 2.1%, July comparative store sales decreased 3.7% and August comparative store sales decreased 0.6%, compared with the same periods last year.
During the three months ended September 1, 2007, the Company opened five Burlington Coat Factory stores. Three Burlington Coat Factory stores were relocated during the period to locations within the same trading markets.
As of September 1, 2007, the Company operated 384 stores in 44 states, 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.