Bon-Ton Stores Q2 Loss Widens, Slashes 2015 Outlook - Quick Facts

(RTTNews) - Department stores operator Bon-Ton Stores, Inc. (BONT) reported that second-quarter net loss widened to $39.56 million or $2.01 per share from $36.19 million or $1.86 per share in the prior-year quarter.

Excluding items, adjusted net loss for the latest quarter was $35.4 million or $1.80 per share. On average, five analysts polled by Thomson Reuters expected the company to report a loss of $1.76 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter decreased 1.4 percent to $555.43 million from $563.45 million in the same quarter last year. Analysts expected revenue of $584.13 million for the quarter. Comparable store sales declined 1.3 percent.

Looking ahead to fiscal 2015, the company now expects adjusted loss in a range of $0.40 to $0.90 per share, adjusted EBITDA in a range of $145 million to $155 million, and comparable store sales growth of 1.0 to 1.5 percent. Street is currently looking for full-year 2015 loss of $0.34 per share.

Previously, the company had projected results between a loss of $0.25 per share and profit of $0.25 per share, adjusted EBITDA in a range of $150 million to $160 million, and comparable store sales growth of 2.0 to 2.5 percent.