US: Burlington Coat Q3 income dips despite sales increase
By just-style.com | 6 April 2006
Apparel maker Burlington Coat Factory has reported a lowered third-quarter net income despite enjoying higher sales in the three-month period.
Quarterly earnings from continuing operations totalled US$58.3m compared to $66.1m in the same period last year. Three-month net sales were $1.02bn compared to $968.1m a year ago, marking a 5.7% increase, Same-store sales grew 3.5%.
For the nine months ended 25 February, sales totalled $2.6bn compared with $2.4bn last year. Net sales grew 8.5% while same-store sales rose 5.5%.
The company opened eight Burlington Coat Factory stores and three freestanding MJM Designer Shoe stores in the nine-month period.
Sectors: Apparel, Finance, Manufacturing
Companies: Burlington Coat Factory
View next/previous articles
Currently reading -
US: Burlington Coat Q3 income dips despite sales increase
6 Apr 2006 -
Related articles
There are currently no comments on this article
Be the first to comment on this article