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.

For complete coverage see tomorrow's issue of WWD

To access this article, click here to subscribe or to log in.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus