“Based on our lower than expected sales in June, preceded by lower than anticipated results in the first quarter of fiscal 2007, we will revise our guidance for fiscal 2007 earnings per diluted share when we report our second quarter financial results on August 23,” stated Keith Plowman, Executive Vice President, Chief Financial Officer.
“Assuming current trends continue into the third quarter, we believe fiscal 2007 earnings per diluted share will be below our initial guidance of $3.40 to $3.50 by approximately $0.20 to $0.30 and EBITDA will be $6.0 to $9.0 million below our initial guidance of $315 to $320 million.”
Mr. Plowman continued, “While we continue to see that the overall retailing environment is challenging, we have taken a long-term approach to our business and remain confident in our business strategies.”
The Bon-Ton Stores Inc operates 277 stores, which includes eight 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, two stores in the Detroit, Michigan area.
marketing@alchempro.com
