BCF Profits, Comps Climb in 2Q
Staff Staff -- Furniture Today, January 9, 2006
Bounding back from a loss in the first fiscal quarter, Burlington Coat Factory Warehouse Corp. parlayed stronger sales into a second quarter profit of $45.4 million, up 8.8 percent from a prior-year profit of $41.7 million.
Sales at the off-price retailer, the parent of Luxury Linens, rose by 8.4 percent, to $945.4 million from $872.0 million last year, helped by new store openings. Same-store sales improved by 5.3 percent.
The profit marks a turnaround from a loss of $15.9 million during the historically unprofitable first fiscal quarter.
Burlington Coat Factory Warehouse Corp.
|Qtr. 11/26 (x000)||2005||2004||% change|
a. Net sales, excluding miscellaneous revenue of $8.5 million during the second quarter and $7.9 million during the prior-year quarter; for the six months, excluding $15.8 million in miscellaneous revenue, and $14.3 million during the 2004 period.
b. Second quarter results include miscellaneous income of $2.6 million, compared with a prior-year loss of $4.8 million; and a $2,000 loss on non-marketable securities. Six-month results include miscellaneous income of $2.5 million, compared with a prior-year loss of $5.6 million; and a $2,000 loss on non-marketable securities, compared with a year-before gain of $1,000.
|Operating income (EBIT)||100,468||87,819||14.4|
|Per share (diluted)||1.01||0.93||8.6|
|Average gross margin||37.7%||38.1%||—|
|Operating income (EBIT)||98,791||80,899||22.1|
|Per share (diluted)||0.66||0.52||26.9|
|Average gross margin||36.5%||36.9%||—|
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