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Bon-Ton Delivers Robust 4-Qtr Results

<B>NEW YORK</B> — The Bon-Ton Stores Inc. on Thursday posted fourth-quarter and full-year results that beat year-ago numbers as the retailer fully integrated recent acquisitions.<BR>For the three months ended Feb. 3, net income soared 131.6...

NEW YORK — The Bon-Ton Stores Inc. on Thursday posted fourth-quarter and full-year results that beat year-ago numbers as the retailer fully integrated recent acquisitions.
For the three months ended Feb. 3, net income soared 131.6 percent to $88.4 million, or $5.20 a diluted share, from $38.2 million, or $2.30, in the same year-ago quarter. The current reporting period is 14 weeks long versus 13 weeks a year ago. Results also include a nonrecurring state tax benefit of $4.1 million.

Total revenue for the quarter was $1.29 billion versus $478.9 million last year, which included sales of $1.25 billion compared with $464.6 million a year ago. Sales include an $805.7 million contribution from the Carson Pirie Scott and Parisian businesses Bon-Ton acquired from Saks Inc. and Belk Inc., respectively. Bon-Ton same-store sales declined by 5.6 percent in the period.


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