Updated to include share price movements after halt on trading lifted.
The York, Penn.-based business warned of lower guidance, noting weather significantly hampered operations over key weekends in December.
"We are disappointed with the deceleration in sales during December, particularly given the strong start to the holiday season beginning with Black Friday and extending through the early part of the month. Adverse weather and treacherous travel conditions in the majority of our markets resulted in a sharp reduction in traffic and hampered promotional events on key weekend selling dates," said CEO Brendan Hoffman in a statement.
Management expects fiscal 2013 comparable store sales to decrease around 3.5% with adjusted EBITDA between $160 million and $170 million. Analysts polled by Thomson Reuters forecast EBITDA of $181.21 million.
The company said it anticipates earnings will fall as low as a net loss of 30 cents a share or climb as high as 15 cents a share. Earnings guidance is significantly lower than the 78 cents a share in net income forecast by analysts.
Fourth-quarter results for the period ending Feb. 1 will be released in early March.
Trading of shares was halted at market close and resumed after-hours trading at approximately 4:40 p.m. EST.
TheStreet Ratings team rates BON-TON STORES INC as a Hold with a ratings score of C. The team has this to say about their recommendation: