Bon-Ton Q1 loss widens, reaffirms earnings guidance

The Bon-Ton Stores reported operating results for the first quarter of fiscal 2015, the 13-week period ended May 2, 2015, and reaffirmed its earnings guidance for full-year fiscal 2015. Comparable store sales increased 0.8 percent compared with the prior year period. Adjusted EBITDA was 4.1 million dollars in the quarter compared with 7.1 million dollars in the first quarter of fiscal 2014. Net loss in the quarter was 34.1 million dollars, or 1.74 dollars per diluted share, compared with net loss of 31.5 million dollars, or 1.63 dollars per diluted share, in the first quarter of fiscal 2014.