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Bon-Ton reports loss for year, but sees positive 2013

By - Last modified: March 12, 2013 at 11:24 AM

The Bon-Ton Stores Inc. today reported a net loss of more than a dollar per diluted share for its fiscal 2012 year but said it expects to be in the black in fiscal 2013, according to a news release.

The $1.16 per diluted share loss for the 53-week period ending Feb. 2 came in toward the higher end of the department store chain’s expected range. It also is larger than the loss per diluted share of 67 cents for the 52-week fiscal 2011 year.

But Bon-Ton, with its corporate offices in York County and Milwaukee, said it expects to earn between 40 cents and $1 per diluted share in fiscal 2013, according to company statements.

Net income for the 2012 fiscal year was a loss of about $21.6 million compared with a loss of about $12.1 million in the prior-year period.

The company said the 2012 loss includes about $7.1 million for fees associated with exchanging senior notes and about $7.9 million for severance-related costs.

Shares of the company 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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