Stage Stores (SSI) Reports Q2 Loss of $0.83; Comps Rise 1.8%

Stage Stores (NYSE: SSI) reported Q2 EPS of ($0.83), versus ($0.60) reported last year. Revenue for the quarter came in at $368 million, versus $369 million reported last year.

For the second quarter, comparable sales increased 1.8%

“Second quarter results reflect a significant milestone in the implementation of our 2019 and long-term strategies,” commented Michael Glazer, Chief Executive Officer. “Our second quarter comparable sales increase reflects a 150 basis point benefit from off-price conversions as well as stabilization of our women’s apparel business. We were excited to see that total comparable sales growth was driven by increases in both average transaction value and number of transactions. Additionally, our liquidity improved more than $10 million from the end of the first quarter, and we continue to expect positive cash flow for the full year.

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

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