Bon-Ton Stores Q3 Loss Widens - Quick Facts

(RTTNews) - The Bon-Ton Stores, Inc. (BONT) Thursday said third-quarter net loss was $11.0 million or $0.57 per share, wider than $0.9 million, or $0.05 per share in the previous year.

The third quarter of fiscal 2013 results included favorable adjustments to reduce performance incentives totaling $5.0 million.

On average, four analysts polled by Thomson Reuters expected earnings of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.

Total sales declined 1.3 percent to $642.74 million from $651.16 million in the prior year period. Sales were impacted by reduced traffic and warmer weather that curtailed demand for seasonal merchandise, particularly in October. Analysts expected revenues of $670.41 million.

Comparable store sales increased 0.8 percent compared with the prior year period.

Looking ahead to fiscal 2014, the company now expects earnings per share to be in the range of a loss of $0.20 to earnings of $0.10, with comparable store sales ranging from flat to 0.5 percent increase. Wall Street expects full year earnings of $0.35 per share.

Earlier, the company expected full year earnings in the range of $0.25 to $0.55 per share, on comparable store sales growth of 1.0 to 2.0 percent.