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.