Stage Stores (SSI) Tops Q3 EPS by 7c, Miss on Revenues; Lowers FY17 EPS Mid-Point Guidance Below Consensus

Stage Stores (NYSE: SSI) reported Q3 EPS of ($0.64), $0.07 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $357.24 million versus the consensus estimate of $366.36 million.

2017 Guidance

The Company has narrowed its guidance range for 2017. Adjusted loss per diluted share is now expected to be between $0.90 and $1.25, compared to the prior guidance of an adjusted loss of $0.90 to $1.35. Updated 2017guidance assumes comparable sales are in a range of -4% to -6%, compared to the prior guidance of -4% to -7%, and excludes after-tax charges associated with the Gordmans acquisition, store closures, and other 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 now projected to be between 35% and 37%. 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 ($1.25)-($0.90), versus the consensus of ($0.90).

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

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