Stage Stores (SSI) Tops Q1 EPS by 7c, Beats on Revenues; Offers FY17 Guidance

Stage Stores (NYSE: SSI) reported Q1 EPS of ($0.70), $0.07 better than the analyst estimate of ($0.77). Revenue for the quarter came in at $308.61 million versus the consensus estimate of $307.7 million.

GUIDANCE:

Stage Stores sees Q2 2017 EPS of ($1.55)-($0.95), versus the consensus of ($1.25). Stage Stores sees Q2 2017 revenue of $1.565-1.62 billion, versus the consensus of $1.55 billion.

2017 Guidance

The Company expects sales, inclusive of the Gordmans business, to be in a range of $1,565 to $1,620 million, assuming comparable sales for the existing Stage business in a range of -4% to -8%. Total sales include the impact of a 53rd week, while comparable sales reflect a 52-week period.

Adjusted loss per diluted share is expected to be between $0.95 and $1.55, inclusive of the Gordmans business. Adjusted 2017 guidance excludes after-tax charges associated with the Gordmans acquisition, store closures and other strategic initiatives totaling approximately $0.18 per diluted share. Weighted average shares for the year are expected to be approximately 27.5 million. The effective tax rate is projected to be between 32% and 35%.

Capital expenditures in 2017, net of construction allowances from landlords, are expected to be $40 million, compared to $67 million in 2016.

For earnings history and earnings-related data on Stage Stores (SSI) click here.

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