Stage Stores (SSI) Misses Q2 EPS by 11c, Beats on Revenues; Boosts FY17 EPS Low-End Guidance

Stage Stores (NYSE: SSI) reported Q2 EPS of ($0.15), $0.11 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $377.08 million versus the consensus estimate of $374.78 million.

2017 Guidance

The Company is raising its guidance for 2017. Adjusted loss per diluted share is now expected to be between $0.90 and $1.35, compared to the prior guidance of an adjusted loss of $0.95 to $1.55. Updated 2017 guidance assumes comparable sales are in a range of -4% to -7%, excludes after-tax charges associated with the Gordmans acquisition, and store closures and other strategic initiatives totaling approximately $0.23 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 34%.

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

GUIDANCE:

Stage Stores sees FY2017 EPS of $0.90-$1.35.

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

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