Bon-Ton Stores (BONT) Misses Q1 EPS Views; Updates FY16 Outlook

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Bon-Ton Stores, Inc. Reports First Quarter Fiscal 2016 Results

May 19, 2016 6:30 AM EDT

YORK, Pa., May 19, 2016 (GLOBE NEWSWIRE) -- The Bon-Ton Stores, Inc. (NASDAQ: BONT) today reported operating results for its fiscal first quarter ended April 30, 2016, and revised its earnings guidance for the full year fiscal 2016.  For the first quarter, comparable store sales decreased 2.9% as compared with the prior year period.  Adjusted EBITDA was $1.3 million in the first quarter of fiscal 2016, compared with $4.1 million in the first quarter of fiscal 2015.  (Adjusted EBITDA is not a measure recognized under generally accepted accounting principlessee the financial tables accompanying this release.)  Net loss in the first... More