Bon-Ton Stores Q1 Loss Widens; Reaffirms 2015 Earnings Guidance - Quick Facts

(RTTNews) - The Bon-Ton Stores, Inc. (BONT) reported a first quarter net loss of $34.1 million, or $1.74 per share, compared to a net loss of $31.5 million, or $1.63 per share, prior year. Adjusted EBITDA was $4.1 million, compared to $7.1 million, last year.

On average, five analysts polled by Thomson Reuters expected the company to report a loss per share of $1.56 for the quarter. Analysts' estimates typically exclude special items. Comparable store sales increased 0.8%. Total sales increased 0.6% to $610.9 million, compared to $607.5 million, a year ago. Analysts expected revenue of $632.38 million for the quarter.

The company expects its comparable store sales growth to be 2.0% to 2.5% in fiscal 2015. Bon-Ton Stores also reaffirmed fiscal 2015 guidance of adjusted EBITDA in a range of $150 million to $160 million, and per share results to be in a range of loss of $0.25 to profit of $0.25. Analysts expect the company to report 2015 loss per share of $0.13.