Bon-Ton reaffirms full-year adjusted EBIDTA guidance remains unchanged at $110-$120 million

By

Dani Greene

Published
Jan 15, 2016

Bon-Ton, Inc. has reported that between Nov 19, 2015 and Jan 2, 2016, comparable store sales decreased by 1.6%, which aligns with guidance provided on Nov 19. The company also announced that total sales for Nov and Dec 2015 were $784.4 million, down 1.5% from 2014 same-month sales of $796.4 million.
 

Bon-Ton President and CEO Kathryn Bufano said of the financials, “Based on current sales trends, we are maintaining our full-year Adjusted EBITDA guidance (see Note 1) of a range of $110 million to $120 million, exclusive of implementation costs associated with planned expense reductions in fiscal 2016. We expect to be at the low end of this range given the higher level of promotional activity, particularly in seasonal goods.” She also pointed to a successful Black Friday event and increased sales volume during December as key drivers for the company’s rebound from softer sales in November.

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The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 270 stores. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings.