COMPANY CONTACT
Robert L. LaPenta, Jr.
Vice President - Treasurer
(609) 387-7800 ext. 1216
SECOND QUARTER SALES
Burlington, NJ – December 7, 2007- Burlington Coat Factory Warehouse Corporation announced today that net sales from continuing operations for the second quarter ended December 1, 2007 were $946.6 million compared with $984.8 million for the comparative period ended December 2, 2006, a 3.9% decrease. These results reflect an 8.0% comparative store sales decrease for the quarter. The decrease in comparative store sales during the quarter was due to a combination of unusually warm weather during most of the quarter and weak consumer demand.
Net sales from continuing operations for the six months ended December 1, 2007 were $1.625 billion compared with $1.642 billion for the comparative period ended December 2, 2006, a 1.0% decrease. These results reflect a 5.6% comparative store sales decrease for the six-month period.
During the six months ended December 1, 2007, the Company opened fifteen Burlington Coat Factory stores. An additional three Burlington Coat Factory store were relocated during the six month period to locations within the same trading market. During the remainder of the current fiscal year, the Company expects to open an additional six Burlington Coat Factory stores.
As of December 1, 2007, the Company operated 394 stores in 44 states, principally under the name “Burlington Coat Factory”.
The Company plans to issue a press release on January 15, 2008 announcing earnings for the second quarter and to hold a conference call regarding the second quarter results at 10:00 A.M. Eastern time on January 17, 2008. To listen to the call, visit the Company’s website at www.burlingtoncoatfactory.com. The call will be available for replay on the Company's website.
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.