Stage Stores (SSI) Comps Rose 10.5% in January; Sees Meeting, Beating FY12 EPS Outlook

February 7, 2013 6:21 AM EST Send to a Friend
Stage Stores, Inc. (NYSE: SSI) reported total sales of $100 million for the five week January period ended February 2, 2013 versus $85 million for the prior year four week January period ended January 28, 2012. Comparable store sales for the first four weeks of this year’s January period increased 10.5%.

Every merchandise category achieved a comparable store sales increase for the month, with accessories, home, intimates, junior sportswear and misses sportswear posting comparable store sales gains that exceeded the Company average. Geographically, every region of the country achieved a comparable store sales increase, with the Northeast, Mid Atlantic and South Central regions outperforming.

For the fourteen week fourth quarter, the Company reported total sales of $528 million versus $479 million for the thirteen week fourth quarter last year. Comparable store sales during the first thirteen weeks of this year’s fourth quarter grew 6.6%. For the 53 week 2012 fiscal year, total sales were $1,646 million versus $1,512 million for the 52 week 2011 fiscal year. Comparable store sales during the first 52 weeks of the 2012 fiscal year increased 5.7%.

Sees meeting or exceeding high-end of guidance for FY12.


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