Article: The Bon-Ton Stores, Inc. Announces First Quarter Results; Earnings Per Share Improved from the Prior Year.

Business Editors

YORK, Pa.--(BUSINESS WIRE)--May 22, 2003

The Bon-Ton Stores, Inc. (NASDAQ:BONT) today reported results for the first quarter ended May 3, 2003.

Income

The Company reported a net loss of $2.9 million, or $0.20 per share, for the first quarter of fiscal 2003 compared to a net loss of $4.4 million, or $0.29 per share, for the first quarter of fiscal 2002.

Sales

As previously announced, first quarter comparable store sales for the quarter decreased 5.6%. Total sales for the thirteen weeks ended May 3, 2003 decreased 6.2% to $141.1 million from $150.5 million reported for the same period last year due to ...

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