Sierra Leonais, Creoles, Krio: La Dialectique De L'identite

By Goerg, Odile | Africa, Winter 1995 | Go to article overview

Sierra Leonais, Creoles, Krio: La Dialectique De L'identite


Goerg, Odile, Africa


BURLINGTON, N.J.--(BUSINESS WIRE)--May 16, 1995--Burlington Coat Factory Warehouse Corp. (NYSE:BCF) announced today that revenues for the third quarter ended April 1, 1995 were $327 million versus $330 million a year ago.

For this period the Company reported a loss of $9,029,000 or ($0.22) per share versus a profit of $2,828,000 or $0.07 per share last year.

Net revenues for nine months ended April 1, 1995 were $1.289 billion versus $1.202 billion in the similar period last year. For the nine month period the Company reported a profit of $26,560,000 or $0.65 per share compared with $55,994,000 and a $1.38 per share in the similar period last year.

Net income reflects a decline in the operating income of the Company. The fiscal 1995 performance reflects a weak U.S. apparel environment and an unusually warm fall and winter. As a result of the weak sales performance in a highly promotional U.S. retail environment, higher markdowns have reduced the Company's gross profit margins percentage in the current periods. In addition, declining comparative store sales have negatively impacted operating expense leverage. -0-

               Burlington Coat Factory Warehouse Corporation
                               And Subsidiaries
                Condensed Consolidated Statements of Income

               (All amounts in thousands except per share data)

                             Nine Months Ended      Three Months Ended
                            April 1,    April 2,    April 1,  April 2,
                             1995        1994        1995       1994
Revenues:
  Net sales               $1,280,191  $1,194,048   $324,457   $327,413
  Other income                 8,386       7,771      2,879      2,314
                           1,288,577   1,201,819    327,336    329,727

Costs and Expenses:
  Cost of sales (exclusive
   of depreciation and
   amortization)             848,106     775,226    216,556    212,960
  Selling and administrative
   expenses                  367,955     312,171    115,235    104,253
  Depreciation and
   amortization               18,978      16,761      6,727      5,544
  Interest Expense            10,355       7,378      2,991      2,415
                           1,245,394   1,111,536    341,509    325,172

Income (loss) before
 provision for
 income taxes                 43,183      90,283    (14,173)     4,555
Provision (benefit) for
 income taxes                 16,623      34,289     (5,144)     1,727

Net income (loss)            $26,560     $55,994    ($9,029)    $2,828

Earnings per share:
  Net income (loss) per share  $0. … 

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Sierra Leonais, Creoles, Krio: La Dialectique De L'identite
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