Stage Stores (SSI) Misses Q3 EPS by 10c, Cuts FY EPS Guidance, Resumes Buybacks
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Stage Stores Reports Third Quarter Results; Announces Resumption of Share Repurchase Program
November 19, 2015 6:30 AM ESTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the third quarter ended October 31, 2015. Sales and comparable sales each decreased 3.5%. On an adjusted basis, the Company reported a net loss of $9.4 million, or $0.29 per diluted share compared to an adjusted net loss of $0.16 per diluted share in the prior year.
Our third quarter results were negatively impacted by stores located in geographies which were pressured by oil and gas and a devalued peso. Stores outside of those areas achieved a flat comp for the quarter, said Michael Glazer, President and... More
