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Bon-Ton Stores Inc. Message Board

  • adspatz adspatz Mar 11, 2014 11:22 AM Flag

    Bon-Ton Stores earnings slip

    Search for "SEC Live Filings Digest" to find out more.
    Bon-Ton Stores Inc. (BONT) announced its fourth quarter and full fiscal year 2013 financial results, posting earnings that slipped from a year ago. The department store chain posted earnings of $61.34M and $3.04 per share, down from $74.41M and $3.71 per share in the year-ago quarter, however earnings beat analyst expectations of $2.74 per share. Quarterly revenue fell from $1.03B a year ago to $934.62M, missing analyst expectations of $980.95M. Gross margin improved to 36.3% while net sales fell nearly 10% to $914.86M from $1.02B last year. President and CEO Brendan Hoffman remarked that the company made progress in several strategic aspects despite poor quarterly results, citing the polar vortex for a decline in store traffic and subsequent sales.

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