Burlington Coat Factory see improved comps in Q2
BURLINGTON, N.J. — Burlington Coat Factory reported that total sales for its second quarter increased 8.9% to $793 million and comparable-store sales were up 4%.
For the year-to-date, total sales rose 6.1% to $1.8 billion and same-store sales climbed 2.1%.
Tom Kingsbury, president and CEO stated, “We are extremely pleased with our 196.2% increase in adjusted EBITDA, which was driven by our 8.9% overall sales growth and, most importantly, our 4% comparative-store sales increase. This marks our fifth quarter out of the last six with a positive comparative-store increase. I would like to thank our store and corporate teams for contributing to this result.”
The company currently serves its customers through its 462 stores in 44 states and Puerto Rico.