Bon-Ton Stores (BONT) Misses Q3 EPS Views; Trims FY15 Outlook
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Bon-Ton Stores (NASDAQ: BONT) reported Q3 EPS of ($1.72), $1.13 worse than the analyst estimate of ($0.59). Revenue for the quarter came in at $623.4 million versus the consensus estimate of $658.63 million.
Comparable store sales decreased 2.6% in the third quarter as compared with the prior year period.
Bon-Ton Stores sees FY2015 EPS of ($2.15)-($2.65), versus the consensus of ($0.66).
Assumptions reflected in our full-year guidance include the following:
- A comparable store sales performance ranging from a decrease of 0.5% to 1.5%;
- A gross margin rate ranging from a decrease of 70 to 80 basis points from the fiscal 2014 rate of 35.7%;
- An SG&A expense rate ranging from a 30- to 60-basis-point increase over the fiscal 2014 rate of 32.9%;
- Capital expenditures not to exceed $71 million, net of external contributions; and
- An estimated 20 million average diluted shares outstanding.
For earnings history and earnings-related data on Bon-Ton Stores (BONT) click here.
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