The Bon-Ton Stores Announces Q4, 2011 Results

The Bon-Ton Stores

announces results for Q4 and FY2011 this mornings. Q4 net income totaled $78.2 million, or $4.00 per diluted share, compared with net income of $85.0 million, or $4.41 per diluted share, for the fourth quarter of fiscal 2010. For fiscal year 2011, the company reports a net loss of $12.1 million, or $0.67 per diluted share, compared with net income of $21.5 million, or $1.12 per diluted share, for the prior year. The company says comparable store sales declined 2,6% for the fourth quarter. The decline was 2.8% for fiscal 2011.