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The Bon-Ton Stores books losses in Q3
22 Nov '08
3 min read
Year-to-date SG&A expenses decreased $17.3 million to $764.1 million compared with $781.4 million in the prior year period. The year-to-date SG&A expense rate increased by 1.3 percentage points to 36.4% compared with 35.1% in the prior year period, reflecting the reduced sales volume.
EBITDA:
EBITDA, defined as earnings before interest, income taxes and depreciation and amortization, including amortization of lease-related interests and goodwill impairment charge, decreased $12.4 million in the third quarter of fiscal 2008 to $19.0 million compared with $31.4 million in the third quarter of fiscal 2007. Year-to-date EBITDA decreased $36.6 million to $40.3 million compared with $76.9 million in the prior year period. EBITDA is not a measure recognized under generally accepted accounting principles (see Note 1).
EBITDA:
EBITDA, defined as earnings before interest, income taxes and depreciation and amortization, including amortization of lease-related interests and goodwill impairment charge, decreased $12.4 million in the third quarter of fiscal 2008 to $19.0 million compared with $31.4 million in the third quarter of fiscal 2007. Year-to-date EBITDA decreased $36.6 million to $40.3 million compared with $76.9 million in the prior year period. EBITDA is not a measure recognized under generally accepted accounting principles (see Note 1).
The Bon-Ton Stores
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