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.

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 May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money