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Bon-Ton expecting loss for fiscal 2012

By - Last modified: February 8, 2013 at 10:49 AM

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The Bon-Ton Stores Inc. reported a 0.5 percent comparable-store sales increase for fiscal 2012 but said it has narrowed its expected earnings per share range for a loss for the year, according to a news release.

Bon-Ton, with corporate offices in York County and Milwaukee, said it now expects a loss between 60 cents and $1.35 per share for the fiscal year, according to the release.

As part of its third-quarter statements, Bon-Ton said it expected earnings per diluted share for its fiscal year of between a profit of 20 cents and a loss of $1.35.

The department store chain is scheduled to release its fiscal 2012 results March 12.

In the fourth quarter, which included the important holiday shopping season, comparable-store sales were up 1 percent, the company said.

For the four weeks that ended Jan. 26, Bon-Ton’s comparable-store sales were down 0.4 percent, the release stated.

In addition, Bon-Ton said that it is discontinuing monthly sales reporting consistent with the practices of most public company competitors and other specialty apparel retailers.

The company operates 271 department stores, which includes 11 furniture galleries, in 24 states. 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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