Burlington Coat Factory Warehouse Corp. managed an increase in sales during the third quarter, but same-store sales didn’t match the levels of last year’s quarter.
In the three months ended Feb. 28, the Burlington, N.J.-based outerwear and apparel off-pricer, acquired and taken private by Bain Capital Partners for $2.1 billion in 2006, recorded net sales from continuing operations of $1.02 billion, up 3.5 percent from the $987.1 million registered in the year-ago quarter. On a same-store basis, sales receded 2.3 percent.
Tom Kingsbury, who joined the firm as chief executive officer in December, said, “We are very pleased to report a total sales and market share increase while simultaneously executing on our cost savings and receipt management initiatives.”
The company, which reports financial results because of public debt, is expected to disclose earnings results at a later date.
At the end of the quarter, the company operated 427 stores. It expects to open six stores and reopen two closed because of Hurricane Ike during the fourth quarter.