Bon-Ton Stores (BONT) Misses Q4 EPS by 37c; Guides FY17 In-Line
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The Bon-Ton Stores, Inc. Reports Fourth Quarter and Fiscal 2016 Results
March 14, 2017 6:30 AM EDTYORK, Pa., March 14, 2017 (GLOBE NEWSWIRE) -- The Bon-Ton Stores, Inc. (NASDAQ: BONT) today reported operating results for its fiscal fourth quarter and full year ended January 28, 2017 and initiated guidance for fiscal 2017.
Results for the Fourth Quarter Ended January 28, 2017
Comparable store sales decreased 4.7% as compared with the prior year period.Net income was $44.7 million, or $2.09 per diluted share. Fourth quarter of fiscal 2016 net income includes non-cash asset impairment charges of $16.7 million, or $0.78 per diluted share.Net income in the fourth quarter of fiscal... More