Stage Stores (SSI) Tops Q1 EPS by 1c; Comps Fell 1.1%
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Stage Stores Reports 29% Improvement in First Quarter Results
May 19, 2015 6:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the first quarter ended May 2, 2015.
First Quarter Highlights
Loss per share improved 29% to $0.27 this year from $0.38 last year. 180 bps improvement in merchandise margin. Comparable sales decreased 1.1%, due in part to a Mothers Day marketing shift. Direct-to-consumer sales increased 31%.Despite difficult market conditions and a marketing calendar shift, we are pleased with the 29% earnings improvement over last... More
