Bon-Ton expecting loss for fiscal 2012
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.