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Tag - BONT

 

 
Jennifer Schonberger

The Bon-Ton Stores, Inc records Q2 loss, lowers outlook for FY07

Shares of department store operator The Bon-Ton Stores, Inc. (Nasdaq: BONT) are edging higher this morning in pre-market trading despite recording a loss for its second fiscal quarter and downgrading guidance.

For the three months ended August 4, the company reported a net loss of $15 million, or $0.91 per diluted share, while four analysts polled by Thomson Financial were on average expecting a loss of $0.79 per share. This compares to a net loss of $19.8 million, or $1.20 per diluted share, for the second quarter of fiscal 2006

Total sales decreased 5.1% to $708.6 million compared with $746.8 million for the same period last year. Three analysts polled by Thomson Financial were on average expecting revenue of $721.47 milion.

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