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Stage Stores (SSI) Reports In-Line Q2 EPS; Guides Q3 Below Views; FY11 In-Line

August 18, 2011 6:30 AM
Stage Stores, Inc. (NYSE: SSI) reported Q2 EPS of $0.29, in-line with the analyst estimate of $0.29. Revenue for the quarter came in at $352.83 million versus the consensus estimate of $354.48 million.

Stage sees an increase in comparable store sales of between 1.0% and 3.0% for the third and fourth quarters.

Sees Q3 2011 loss of ($0.24) - ($0.21), versus the consensus of ($0.19). Stage Stores, Inc. sees Q3 2011 revenue of $340-$346 million, versus the consensus of $346.83 million.

Stage Stores, Inc. sees FY2011 EPS of $1.10-$1.16, versus the consensus of $1.10. Stage Stores, Inc. sees FY2011 revenue of $1.507-$1.523 billion, versus the consensus of $1.52 billion.

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