USA: Burlington Reports First Quarter Sales and Net Loss

Burlington Coat Factory Warehouse Corporation (NYSE-BCF) today reported its net loss and sales for the first quarter ended September 2, 2000. For the three months ended September 2, 2000, the net loss was $13,536,000 or $.30 per share before an extraordinary loss from early extinguishment of debt. Including an after tax extraordinary loss from early extinguishment of debt of $815,000, the net loss was $14,351,000 or $.32 per share. This compares with a net loss of $8,678,000 or $.19 per share before the cumulative effect of an accounting change for the corresponding period ended August 28, 1999 last year. Including an after tax loss from cumulative effect of an accounting change of $1,356,000, the net loss was $10,034,000 or $.22 per share for the corresponding period ended August 28, 1999. Sales for the three months ended September 2, 2000 were $415,671,000 compared with sales of $374,789,000 during the corresponding period ended August 28, 1999 last year. Comparative store sales for the quarter increased 1.4 per cent. Total sales for the 13 comparable weeks ended September 4, 1999 were $378,900,000. Total sales for the comparable calendar weeks increased 9.7 per cent