The Bon-Ton Stores Inc. narrowed its loss in the second quarter to $33.2 million, or $1.64 a share, from $38.7 million, or $1.95 a share in the year-ago period.

Comparable-store sales decreased 6.1 percent in the quarter ended July 29. Total sales dropped 7 percent to $504.4 million from $542.4 million in the 2016 quarter.

Adjusted earnings before interest, taxes, depreciation and amortization totaled $9.1 million last quarter versus $2.5 million in the year-ago quarter.

William Tracy, incoming president and chief executive officer, accentuated some positives: “We saw strength in key merchandise categories and brands and were pleased with the continued double-digit growth in our omnichannel business. Additionally, we continued to effectively execute our profit improvement initiatives, substantially reducing our SG&A expense for the quarter.”

Tracy added that further efforts to enhance the assortment, marketing and omnichannel strategies, and further cost reductions would “drive improved performance in the second half.”

MORE ON BON-TON FROM WWD:

Bon-Ton Picks Insider William Tracy to Succeed Kathryn Bufano as CEO >>

After Tough Quarter Bon-Ton Talks Growth Strategies >>

Russ Hardin Joins Bon-Ton as Creative VP >>

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