Monday, 29 May, 2017

Q1 net loss deepens for The Bon-Ton

Laurie Berry | 19 May, 2017, 14:22

Total sales for the quarter ended April 29 decreased 9.3% to $536.1 million, compared with $591 million in the first quarter of fiscal 2016. Vanguard Group Inc. raised its position in shares of Bon-Ton Stores Inc (NASDAQ:BONT) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

In terms of earnings per share, 1 analyst has a 3.24 EPS mean target for the quarter ending Jan-17, for the year ending Jan-17, 1 analyst has a -2.12 EPS mean target and for the year ending Jan-17 there are 1 estimate of -2.34 EPS.

Bufano is stepping down at the end of her contract on August 25 and will be replaced by William Tracy, the company's current chief operating officer. The firm owned 523,814 shares of the company's stock after buying an additional 5,715 shares during the period.

The Bon-Ton blamed "weak mall traffic trends, unfavorable weather and marketing challenges associated with the Easter calendar shift", leading to steeper markdowns.

The decrease is largely due to decreased rent, advertising, payroll, taxes, and medical expenses. The SG&A expense rate in the first quarter of 2017 accounted for 38.3 percent of net sales.

Bufano said February was a hard month, and March and April did not improve.

Pittsburgh Penguins fall to Ottawa Senators in Game 3
The Sens are up in the series by playing exactly as they have for most of the season - leaning on their defensive ways to get by. Pot committed. " All in", as the Senators' playoff slogan rings. "We're still trying to digest this game that we just played".

WARNING: "Bon-Ton Stores Inc (BONT) Short Interest Down 4.5% in April" was reported by The Cerbat Gem and is owned by of The Cerbat Gem.

05/01/2015 - The Bon-Ton Stores, Inc. was downgraded to "sell" by analysts at Zacks.

Bon-Ton believes it will gain strength as its competitors' close stores.

"With our marketing, new vendors some of the remodels, we only see (our sales) improving", Bufano said.

The share price of The Bon-Ton Stores, Inc. Bon-Ton Stores has a one year low of $0.58 and a one year high of $2.05.

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