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Better sales prompt Bon-Ton to update guidance

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Staff Report 11:05 AM Tuesday, October 27, 2009

Bon-Ton Stores said Monday, Oct. 26, it expects its third quarter and full-year results to hit the high side of previous earnings forecasts.

The York, Pa.-based retailer in a news release said it based its outlook on “favorable trends” in sales for October and the third quarter. Bon-Ton operates in the Dayton area under the Elder-Beerman Stores Corp. nameplate.

In August, Bon-Ton forecast that for the full year it could lose between $2.50 and $3.70 per share.

The company said it will announce third-quarter earnings on Nov. 19.

As of 10:32 a.m. Tuesday, shares of Bon-Ton were trading at $9.05, down from the previous day’s close of $9.10.

Bon-Ton operates 279 stores in 23 states under the Bon-Ton, Bergner’s, Boston Store, Carson Pirie Scott, Elder-Beerman, Harberger’s, Younkers and Parisian nameplates.

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