US: October sales boost Bon-Ton outlook

27 October 2009 | Source: just-style.com

Strong October sales have led retailer The Bon-Ton Stores to improve its earnings guidance for fiscal 2009.

The department store operator said favourable sales trends during October meant that it now expected full-year EBITDA to be at the high end of its previously stated guidance, at about US$150-170m.

Meanwhile, the company said it expected to report a loss per diluted share of $3.70-2.50 for fiscal 2009.

Bon-Ton Stores said it would further review and discuss its earnings guidance for fiscal 2009 when it reveals its third quarter results on 19 November.

And the company said its updated guidance would form part of its presentation to investors at the 2009 Wells Fargo Consumer Growth Conference in New York later today (27 October).