Bon-Ton Stores Inc. reported unaudited consolidated earnings results for the first quarter ended May 4, 2013. For the quarter, the company reported net sales of $646.904 million compared to $640.771 million a year ago. Loss from operations was $7.117 million compared to $18.529 million a year ago. Loss before income taxes was $26.185 million compared to $40.271 million a year ago. Net loss was $26.635 million or $1.41 per diluted share compared to $40.780 million or $2.23 per diluted share a year ago. Adjusted EBITDA was $15.199 million compared to $4.841 million a year ago. First quarter of fiscal 2013 capital expenditures, before netting external contributions, were $13.3 million compared with $14.3 million for the prior year. 2013 capital expenditures include investments in information technology, visual, minor remodels and new stores. The company reaffirmed fiscal 2013 guidance for Adjusted EBITDA in a range of $180 million to $200 million, for earnings per diluted share in a range of $0.40 to $1.00 and for cash flow in a range of $20 million to $40 million.

Bon-Ton Stores Inc. announced the Board of Directors declared a cash dividend of 5 cents per share on the Class A Common Stock and Common Stock of the company payable August 5, 2013 to shareholders of record as of July 19, 2013.

Effective May 13, 2013, The Bon-Ton Stores Inc. appointed Michael W. Webb as Group Vice President - Chief Accounting Officer (Principal Accounting Officer). Mr. Webb reports to Keith E. Plowman, Executive Vice President - Chief Financial Officer. Mr. Webb has served as Vice President - Corporate Accounting and Chief Accountant of the company since May 2010. Prior to that, he served as Divisional Vice President - Corporate Accounting from 2007 to May 2010.