Tuesday, June 18, 2013 | 9:24 p.m.
Hi, (not you?) | Member Center | Sign Out
Posted: 4:35 p.m. Tuesday, March 12, 2013
By AP AP
Staff Writer
YORK, Pa. (AP) — Bon-Ton Stores’ fiscal fourth-quarter net income fell 5 percent from year-ago results that were helped by a gain on debt extinguishment. The latest results still beat analysts’ estimates.
For the period ended Feb. 2, the operator of area Elder-Beerman department stores, earned $74.4 million, or $3.71 per share. That’s down from $78.2 million, or $4 per share, a year earlier.
The prior-year period included 93 cents per share related to a net gain on debt extinguishment.
Analysts surveyed by FactSet expected earnings of $3.54 per share.
Revenue improved to $1.02 billion from $983.2 million, meeting Wall Street’s view.
Revenue at stores open at least a year, a key gauge of a retailer’s health, climbed 1 percent. This figure excludes results from stores recently opened or closed.
Bon-Ton Stores Inc. said Tuesday that its full-year loss widened to $21.6 million, or $1.16 per share, from a loss of $12.1 million, or 67 cents per share, a year earlier. Annual revenue increased 1 percent to $2.92 billion from $2.88 billion.
Revenue at stores open at least a year edged up 0.5 percent.
The company said that it foresees fiscal 2013 earnings between 40 cents and $1 per share. Revenue at stores open at least a year is expected to rise 2 percent to 3.5 percent.
Analysts expect earnings of 68 cents per share.
Bon-Ton, which has corporate headquarters in York, Pa. and Milwaukee, runs 271 department stores, which includes 11 furniture galleries, in 24 states in the Northeast, Midwest and upper Great Plains.
Its shares finished Tuesday at $12.50, up 59 cents, or 4.9 percent. They have traded between $3.50 and $14.99 over the past year.
Advertisers & Sponsors |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.

You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}