For the year ended May 28, 2005, Net Income was $105.0 million or $2.35 per share. This compares with Net Income of $68.0 million or $1.52 per share for the year ended May 29, 2004. Net Income from Continuing Operations was $106.0 million or $2.37 per share compared with $72.3 million or $1.62 per share for the last fiscal year. Net Sales from Continuing Operations for the year ended May 28, 2005 were $3.2 billion compared with $2.8 billion for the prior year ended May 29, 2004, an 11.9 percent increase. These results reflect a 6.3 percent comparative store sales increase for the twelve-month period.
As of May 28, 2005, Burlington Coat Factory operated 362 stores in 42 states principally under the name "Burlington Coat Factory."
The Company will be holding a conference call regarding the fourth quarter results at 11:00 A.M. Eastern time on August 23, 2005. To listen to the call, visit the Company's web site.
The roots of Burlington Coat Factory Warehouse Corporation (the "Company") go back to 1924 with wholesale sales of ladies coats and junior suits. In 1972, the Company opened its first outlet store in Burlington, New Jersey. Coats were the primary offering at the original Burlington Coat Factory, but over time the concept evolved into a one-stop shopping experience.
Burlington Coat Factory has remained successful by making value a priority. The Company, through strategic purchasing, has always been able to offer the latest in designer clothing, shoes, accessories, baby products, and home furnishings at great savings. Burlington Coat Factory maintains a minimalist approach to merchandising, keeping stores modern and attractive, without passing on the high cost of fixtures and decor to its customers.
Burlington Coat Factory Warehouse Corporation
marketing@alchempro.com
