Oct. 26, 2009 (Business Wire) -- The Bon-Ton Stores, Inc. (NASDAQ:BONT) today announced that, based upon favorable sales trends for the month of October and third fiscal quarter ending October 31, 2009, it believes results for the full year of fiscal 2009 will be at the high end of the previously stated guidance range. Guidance provided on August 20, 2009 was for fiscal 2009 EBITDA in the range of $150 million to $170 million and for loss per diluted share in the range of $3.70 to $2.50. EBITDA is not a measure recognized under generally accepted accounting principles (see Note 1). The Company will further review and discuss its earnings guidance for fiscal 2009 in its earnings release for the third fiscal quarter ending October 31, 2009, which will be issued November 19, 2009.
As previously announced, The Bon-Ton Stores, Inc. (“the Company”) will be participating in the 2009 Wells Fargo Consumer Growth Conference in New York City on October 27, 2009, and the updated guidance will be a part of its presentation to investors. The presentation, scheduled for 11:15 AM Eastern Time, will be broadcast on the Company's website. To access the web broadcast, please visit the Company's website at http://investors.bonton.com. An online archive of the web cast will be available within two hours of the conclusion of the presentation.
The Bon-Ton Stores, Inc. operates 279 department stores, which includes 12 furniture galleries, in 23 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger’s and Younkers nameplates and, under the Parisian nameplate, stores in the Detroit, Michigan area. The stores offer a broad assortment of brand-name fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. For further information, please visit the investor relations section of the Company’s website at http://investors.bonton.com.
Certain information included in this press release contains statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995.
