BURLINGTON, N.J.--(BUSINESS WIRE)--Burlington Coat Factory Warehouse Corporation announced today that net sales for the third quarter ended October 29, 2011 were $ 898.5 million compared with $ 858.2 million for the comparative period ended October 30, 2010, a 4.7% increase. Comparative store sales increased 1.5% for the quarter.
Net sales for the nine months ended October 29, 2011 were $2.621 billion compared with $2.482 billion for the comparative period ended October 30, 2010, a 5.6% increase. These results reflect a 1.9% comparative store sales increase for the period.
Tom Kingsbury, Chief Executive Officer, stated, “I am pleased that we were able to achieve a 1.5% comparative store sales increase in the third quarter. This is the fourth consecutive quarter, and the sixth out of the last seven quarters, that the company has experienced a positive same store sales increase. We believe that the wide range of our merchandise assortments and the currency of our inventory have us well positioned for the important holiday season.”
As of October 29, 2011, the Company operated 472 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.