Stage Stores (SSI) Reports Q2 Loss of $0.60/Share

Stage Stores (NYSE: SSI) reported Q2 EPS of ($0.60), versus ($0.23) reported last year. Revenue for the quarter came in at $369 million versus the consensus estimate of $357.24 million.

GUIDANCE:

2018 Guidance

For fiscal 2018, the company reaffirmed the following guidance:

• Net sales between $1,610 million and $1,640 million
• Comparable sales of flat to an increase of 2.0%
• Depreciation and amortization between $55 million and $60 million
• Capital expenditures of $30 million to $35 million

For fiscal 2018, the company updated the following guidance:

• Net loss of between $41 million and $34 million
• Tax rate of 0%, which, when compared to 2017, is expected to negatively impact 2018 EPS by $0.30 to $0.35 per diluted share, or net loss by $8 million to $10 million
• Loss per diluted share between $1.45 and $1.20
• EBIT between $(29) million and $(22) million
• EBITDA between $26 million and $38 million
• Opening one new Gordmans off-price store, converting nine department stores to Gordmans off-price stores, and closing 30 to 40 department stores

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

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