Burlington Coat Factory Narrows Q2 Loss on Higher Sales

Burlington Coat FactoryBURLINGTON, N.J.-An 11.5 percent increase in net sales helped Burlington Coat Factory to slim its second-quarter net loss from $31.3 million last year to $19.5 million this year.

Net sales totaled $963.7 million in the quarter, which ended on Aug. 3. This included a gain of 7.8 percent in same-store sales.

Gross margin finished the quarter at 38.2 percent, up 56 basis points. Selling and administrative expenses increased 7.8 percent in dollars but fell back 114 basis points as a percentage of sales, to 33.6 percent.

Tom Kingsbury, Burlington's president and CEO, said that, along with the increases in total and same-store sales, the retailer posted a 68.1 percent pickup in earnings before interest, taxes and depreciation.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.