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Bon-Ton, UGI report improved quarterly earnings results

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Department-store chain The Bon-Ton Stores Inc. said this morning it reduced its third-quarter loss compared with the year-ago period.

The company, with corporate offices in York County and Milwaukee, reported a net loss of about $931,000, or 5 cents per diluted share, compared with more than $10.1 million, or 55 cents per diluted share, in the year-ago period.

However, the firm also said comparable-store sales decreased in the quarter by 2.8 percent and total sales were down 2.6 percent to about $651.2 million.

The Bon-Ton Stores Inc. operates 273 department stores, including 10 furniture galleries, in 25 states under the Bon-Ton and other nameplates. Shares are traded on the Nasdaq under the ticker symbol BONT.

Also, the Montgomery County-based parent firm of Berks County-based UGI Utilities Inc. this week reported a smaller net loss in its fiscal fourth quarter and a large increase in earnings for the fiscal year.

UGI Corp. said the quarterly loss attributable to the corporation was about $13.4 million, or 12 cents per diluted share, compared with about $14.7 million, or 13 cents per diluted share, in the year-ago period.

For the fiscal year, UGI reported net income of about $275.8 million, or $2.39 per diluted share, compared with about $199.4 million, or $1.76 per diluted share, in the year-ago period.

Shares of UGI are traded on the New York Stock Exchange under the ticker symbol UGI.

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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