The Bon-Ton Stores, Inc. (BONT) reported fourth-quarter net income of $74.4 million, or $3.71 per share, compared to $78.2 million, or $4.00 per share, last year. The company noted that its results for the fourth quarter of 2012 was impacted by the inclusion of an additional week, resulting in a 14-week reporting period.
The company's prior year fourth-quarter results include income of $0.93 per share associated with the net gain on extinguishment of debt.
Total sales in the 14 weeks were $1.015 billion, compared to $983.2 million in the 13-week period last year. Comparable store sales increased 1.0%.
On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $3.57 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $1.04 billion for the quarter.
The company expects fiscal 2013 profit per share a range of $0.40 to $1.00. Comparable store sales are expected to increase in a range of 2.0% to 3.5%. Analysts expect the company to report fiscal 2013 profit per share of $0.83.
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