• Q3 losses widened to $10.3m from $2.8m
  • Total net sales rose 4.7% to $898.7m
  • Comparative store sales increased 1.5% 
  • Adjusted EBITDA YTD increased 8.5% to $162m

Improvements to its merchandise have helped retailer Burlington Coat Factory offset unseasonably warm weather to book a rise in third-quarter sales.

Net loss increased $7.5m in the quarter due to additional investments in operational expenses, funded by performance improvements and an increase in interest expense from refinancing all its debt earlier in the year. 

The company, which operates 477 stores, said higher sales in the three months to 29 October were driven by "improved merchandise content and customer experience initiatives," even though many regions experienced unseasonably warm temperatures in September and October.

Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell 7.4% to $58.5m from $63.2m. The decline was "primarily driven by our decision to make incremental strategic investments in store operations, focused on continuing to improve our customer service and store recovery, and in supply chain, to further support our opportunistic buying model," the company said.