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Bon-Ton cuts 3Q loss in half from last year

By - Last modified: November 19, 2012 at 9:31 AM

The Bon-Ton Stores Inc. has cut this year's third-quarter net loss more than 50 percent compared with the same quarter last year, the department store firm said.

The company, with corporate offices in York County and Milwaukee, reported a net loss for the quarter of about $10.1 million, or 55 cents per diluted share, compared with about $22 million, or $1.21 per diluted share, in the year-ago period, according to a news release.

Comparable store sales went up 1.9 percent in the quarter, the release stated.

The firm said it could have a profit of up to 20 cents per diluted share this year but also could have a loss of up to $1.35 per diluted share, according to the release.

The Bon-Ton Stores operates more than 270 department stores in 24 states, the release stated. Shares are traded on the Nasdaq under the ticker symbol BONT.

 

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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