Bon-Ton Stores Q1 Sales Rise

BonTonYork, PA– Bon-Ton Stores has reported Monday a slight increase in first-quarter sales, despite the impact of unfavourable weather conditions and cooler temperatures.

Total sales climbed 1% to $646.9 million from $640.8 million in the same period last year, while comparable store sales rose 1.2%.

“We are pleased with our comparable-store sales results in the first quarter, particularly in light of the unfavorable impact of winter storms, flooding and colder-than-normal temperatures throughout the quarter,” Brendan Hoffman, president/ceo, said in the release. “In spite of the weather, which we believe ultimately reduced our total and comparable store sales, this performance reflects ongoing sequential improvement in our comparable store sales trend. We also saw increased penetration of proprietary credit card sales due to concentrated efforts to drive this business.”

Bon-Ton Stores also reaffirmed its first-quarter adjusted EBITDA guidance to be in the range of $13 million-15million and full-year adjusted EBITDA to be in between $180 million and $200 million.

 

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Jeff Prine

Jeff Prine, Editor at Large, Accessories Magazine
Jeff returns as a regular contributor to Accessories magazine. Initially Jeff worked as senior editor at Accessories more than 20 years ago and his love of the industry has followed him until present. Since his tenure here, Jeff has continued to report jewelry, watch and other luxury goods trends as executive editor at Modern Jeweler magazine, fashion director at Lustre, and as contributor on products and trends for consumer and trade publications and websites. In addition to his editorial experience, Jeff also served as an adjunct instructor for accessories merchandising at Fashion Institute of Technology. jeffp@busjour.com