Bon-Ton Stores Earnings: Everything You Must Know Now
Bon-Ton Stores Inc. (NASDAQ:BONT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Bon-Ton Stores Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 20.85% to $3.71 in the quarter versus EPS of $3.07 in the year-earlier quarter.
Revenue: Rose 0.57% to $1.02 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Bon-Ton Stores Inc. reported adjusted EPS income of $3.71 per share. By that measure, the company beat the mean analyst estimate of $3.57. It missed the average revenue estimate of $1.04 billion.
Quoting Management: Brendan Hoffman, President and Chief Executive Officer, commented, “We were pleased with our fourth quarter results and our accomplishments throughout 2012. We sequentially improved the business each quarter through a number of key initiatives, including a better balanced merchandise assortment, more disciplined inventory management, enhanced marketing efforts and upgrades to our eCommerce business.”
Key Stats (on next page)…