The Bon-Ton Stores (BONT) Reports Decrease in June Same-Store Sales, Comments on FY Guidance

The Bon-Ton Stores, Inc. (NASDAQ: BONT) announced total sales for the five weeks ended July 7, 2007 decreased 8.1%, to $279.6 million, compared to $304.2 million for the prior year period. Bon-Ton and Carson's combined comparable store sales for the five weeks decreased 8.0%. Carson's comparable store sales decreased 1.7% and Bon-Ton comparable store sales decreased 18.1% compared to the prior year period.

Year-to-date total sales increased 14.0% to $1,251.9 million compared to $1,098.3 million for the same period last year.

"Based on our lower than expected sales in June, preceded by lower than anticipated results in the first quarter of fiscal 2007, we will revise our guidance for fiscal 2007 earnings per diluted share when we report our second quarter financial results on August 23," stated Keith Plowman, Executive Vice President, Chief Financial Officer. "Assuming current trends continue into the third quarter, we believe fiscal 2007 earnings per diluted share will be below our initial guidance of $3.40 to $3.50 by approximately $0.20 to $0.30 and EBITDA will be $6.0 to $9.0 million below our initial guidance of $315 to $320 million." (Current FY07 EPS Consensus is $3.09)

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