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The Bon-Ton Stores, Inc. (NASDAQ: BONT) today announced sales for the five, fourteen and fifty-three weeks ended February 2, 2013, in accordance with the National Retail Federation fiscal reporting calendar. The comparable percentage change information presented below is based upon comparison of the four, thirteen and fifty-two weeks ended January 26, 2013 with the prior year corresponding periods ended January 28, 2012.
Comparable store sales in the four weeks ended January 26, 2013 decreased 0.4%, compared with the four-week period last year. Total sales for the five weeks ended February 2, 2013 increased 15.2% to $200.8 million, compared with $174.4 million in the four-week period last year.
For the fourth quarter of fiscal 2012, comparable stores sales in the thirteen weeks ended January 26, 2013 increased 1.0%, compared with the thirteen-week period last year. Total sales in the fourteen weeks ended February 2, 2013 increased 3.2% to $1,015.1 million, compared with $983.2 million in the thirteen-week period last year.
Fiscal 2012 comparable store sales in the fifty-two weeks ended January 26, 2013 increased 0.5%, compared with the fifty-two week period last year. Fiscal 2012 total sales for the fifty-three weeks ended February 2, 2013 increased 1.2% to $2,919.4 million, compared with $2,884.7 million in the fifty-two week period last year.
Brendan Hoffman, President and Chief Executive Officer, commented, “Throughout January and the fourth quarter, we strategically managed our inventory to drive more profitable sales and reduce the level of clearance inventory; this approach should benefit our fourth quarter gross margin. We will continue with this strategy as we enter the new fiscal year.”
Keith Plowman, Executive Vice President and Chief Financial Officer, stated, “We are tightening our full-year fiscal 2012 guidance to reflect Adjusted EBITDA (see Note 1) in a range of $160 million to $175 million and loss per share in a range of $(1.35) to $(0.60).”