Bon-Ton Stores Q1 Loss Widens - Quick Facts

(RTTNews) - The Bon-Ton Stores, Inc. (BONT) reported a first-quarter net loss of $31.5 million, or $1.63 per share, compared to a loss of $26.6 million, or $1.41 per share, prior year. Adjusted EBITDA was $7.1 million, compared to $15.2 million, previous year.

On average, four analysts polled by Thomson Reuters expected the company to report a loss per share of $1.22 for the quarter. Analysts' estimates typically exclude special items.

Total sales decreased 6.1% to $607.5 million, from $646.9 million in the prior year period. Comparable store sales decreased 5.8%. Analysts expected revenue of $642.16 million for the quarter.

The company also reaffirmed its earnings guidance for fiscal 2014. Adjusted EBITDA is expected to be in a range of $170 million to $180 million. Net income per share is expected to be in a range of $0.40 to $0.70. Analysts expect the company to report fiscal year 2014 earnings per share of $0.59.