The Bon-Ton Stores, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 29, 2017. For the quarter, the company's net sales were $504,424,000 against $542,360,000 a year ago. Loss from operations was $15,162,000 against $23,718,000 a year ago. Loss before income taxes was $33,191,000 against $38,880,000 a year ago. Net loss was $33,209,000 against $38,736,000 a year ago. Basic and diluted loss per share was $1.64 against $1.95 a year ago. Adjusted EBITDA was $9,075,000 against $2,467,000 a year ago.

For six months, the company's net sales were $1,040,565,000 against $1,133,367,000 a year ago. Loss from operations was $53,948,000 against $46,594,000 a year ago. Loss before income taxes was $90,554,000 against $76,842,000 a year ago. Net loss was $90,524,000 against $76,554,000 a year ago. Basic and diluted loss per share was $4.49 against $3.86 a year ago. Net cash provided by operating activities was $11,344,000 against $63,569,000 a year ago. Capital expenditures were $21,184,000 against $25,749,000 a year ago. Adjusted LBITDA was $6,550,000 against adjusted EBITDA of $3,792,000 a year ago.

The company reported impairment charges of $147,000 for the second quarter ended June 29, 2017.

For the fiscal year ending February 3, 2018, the company continues to expect loss per share to be in a range of $2.08 to $2.59, inclusive of a $0.05 per share expense from the 53 week, and adjusted EBITDA to be in a range of $115 million to $125 million. Updated assumptions reflected in the company's full-year guidance include: comparable sales decrease now ranging from 3.5% to 4.5%, which excludes sales from the 53 week; gross margin rate decrease now ranging from 40 to 60 basis points below the fiscal 2016 rate of 35.5%; capital expenditures not to exceed $30 million, net of external contributions. The company expects net loss in the range of $52.6 million to $42.2 million, interest expense, net, and loss on extinguishment of debt in the range of $75.5 million to $75.1 million, and depreciation and amortization and amortization of lease-related interests of $92.4 million.