COMPANY CONTACT
Robert L. LaPenta, Jr.
Vice President - Treasurer
(609) 387-7800 ext. 1216
FIRST QUARTER SALES
Burlington, NJ – September 4, 2008- Burlington Coat Factory Warehouse Corporation announced today that net sales from continuing operations for the first quarter ended August 30, 2008 were $707.1 million compared with $678.8 million for the first quarter ended September 1, 2007, a 4.2% increase. These results reflect a 0.2% comparative store sales increase for the quarter.
Mark A. Nesci, Chief Executive Officer, stated, “We are pleased that in a tough economic environment, the dedication and hard work of our store and corporate team resulted in a positive comparative increase for the quarter.”
During the three months ended August 30, 2008, the Company opened twenty and relocated two Burlington Coat Factory stores. During the remainder of the current fiscal year the Company expects to open an additional 20 stores.
As of August 30, 2008, the Company operated 417 stores in 44 states, principally under the name “Burlington Coat Factory”.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. As such, final results could differ from estimates or expectations due to risks and uncertainties, including among others, competition in the retail industry, seasonality of our business, adverse weather conditions, changes in consumer preferences and consumer spending patterns, import risks, inflation, general economic conditions, our ability to implement our strategy, our substantial level of indebtedness and related debt-service obligations, restrictions imposed by covenants in our debt agreements, availability of adequate financing, our dependence on vendors for our merchandise, events affecting the delivery of merchandise to our stores, existence of adverse litigation, availability of desirable locations on suitable terms, and other risks. For any of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.