The Bon-Ton Stores, Inc. Announces Fourth Quarter and Fiscal 2014 Results
The Bon-Ton Stores, Inc. (BONT) today reported operating results for its fiscal fourth quarter and full year ended January 31, 2015.
Fourth Quarter Results
- Comparable store sales increased 4.3% in the fourth quarter compared with the prior year period.
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Adjusted EBITDA was $113.1 million in the fourth quarter of fiscal 2014. (Adjusted EBITDA is not a measure recognized under generally accepted accounting principles – see Note 1.) The current year fourth quarter included a $10.8 million gain associated with an insurance settlement, of which approximately $1.9 million was attributed to profit recovery and approximately $8.9 million to asset recovery. Excluding the financial impact of the asset recovery, Adjusted EBITDA was approximately $104.3 million in the fourth quarter of fiscal 2014, compared with $103.7 million in the fourth quarter of fiscal 2013.
- Published: 12 March 2015
- Written by Editor