Tag Archives: Tom Kingsbury

Burlington Stores Goes from Loss to Profit in Q1

Burlington Stores

BURLINGTON, N.J.-In what its top executive, Tom Kingsbury, termed a quarter of “solid results,” Burlington Stores reversed a net loss of $5.6 million into net income of $11.8 million for its fiscal first quarter ending on May 3. Kingsbury, president, CEO and recently named chairman as well, said the first quarter saw the retailer “buildMore »

Burlington Stores’ FY, Q4 Nets Fall

Burlington Stores

BURLINGTON, N.J.-Although the company’s top line picked up momentum in both periods, Burlington Stores posted declines of 36.2 percent and 6.4 percent in fiscal-year and fourth-quarter net income, respectively. Net income for the year totaled $16.2 million, and for the fourth quarter was $63.6 million (the company posted a net loss for the first threeMore »

Burlington Stores Q3 Net Loss Widens

Burlington Stores

BURLINGTON, N.J.-Costs related to its initial public offering, rising interest expenses and a reduced income-tax benefit deepened Burlington Stores’ third-quarter net loss from $7.4 million last year to $16.9 million this year. The retailer incurred costs of more than $12 million related to its initial public offering, which was completed in October, including expenses forMore »

Burlington Coat Factory Narrows Q2 Loss on Higher Sales

Burlington Coat Factory

BURLINGTON, N.J.-An 11.5 percent increase in net sales helped Burlington Coat Factory to slim its second-quarter net loss from $31.3 million last year to $19.5 million this year. Net sales totaled $963.7 million in the quarter, which ended on Aug. 3. This included a gain of 7.8 percent in same-store sales. Gross margin finished theMore »

Burlington Coat Factory Sales Rise 11.5 Percent in Q2

Burlington Coat Factory

BURLINGTON, N.J.-Second-quarter net sales for Burlington Coat Factory totaled $963.7 million, up 11.5 percent from the second quarter of last year, according to a preliminary report. Same-store sales in the quarter, which ended on Aug. 3, increased 7.8 percent. For the first half of Burlington Coat Factory’s fiscal year, net sales gained 9.8 percent andMore »