Bon-Ton, Ross Revise Guidance

摘要

New York — With October in the rear-view mirror, Bon-Ton Stores and Ross Stores each updated their earnings expectations last week. Lower than expected third quarter sales at Bon-Ton prompted the department store company to lower its full-year guidance. The retailer now expects EBIT- DA (earnings before interest, tax, depreciation and amortization) of $190 million to $120 million and a loss of 65 to 25 cents per share. Ross Stores, encouraged by a healthy sales space and improved margins, raised its earnings estimates for the third quarter and the fiscal year.