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Burlington Coat Factory Reports Fourth Quarter Sales

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BURLINGTON, N.J. - (BUSINESS WIRE) - Burlington Coat Factory Warehouse Corporation announced today that net sales for the fourth quarter ended January 29, 2011 were $1.188 billion compared with $1.120 billion for the comparative period ended January 30, 2010, a 6.1% increase. Comparative store sales increased 1.2% for the quarter.

Net sales for the twelve months ended January 29, 2011 were $3.670 billion compared with $3.523 billion for the comparative twelve month period ended January 30, 2010, a 4.2% increase. These results reflect a 0.2% comparative store sales decrease for the period.

Tom Kingsbury, Chief Executive Officer, stated, "I am pleased that we were able to produce a positive comparative store increase in the fourth quarter as temperatures returned to normal seasonal levels. I would like to thank our store and corporate teams for their hard work during this all important period. In addition, I would like to thank our vendor community for their outstanding support and involvement. As we enter 2011, we remain focused on continuing to execute on our top three priorities: merchandise content, the store experience and receipt management."

As of January 29, 2011, the Company operated 460 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.

Burlington Coat Factory Warehouse Corporation
Robert L. LaPenta, Jr., 609-387-7800 ext. 1216
Vice President - Treasurer



 
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Updated: 18:30 PDT     3626

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