Stage Stores (SSI) Declares $0.15 Quarterly Dividend; 10.5% Yield
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Stage Stores Reports Second Quarter Earnings and Declares Quarterly Cash Dividend
August 18, 2016 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the second quarter ended July 30, 2016 and affirmed guidance for the fiscal year.
Our second quarter results were hurt by a challenging retail environment and continued regional pressure from depressed oil prices and the weak peso. That said, we are pleased with our flat merchandise margins, rigorous expense controls, and strong inventory management, said Michael Glazer, President and Chief Executive Officer. While we anticipate the macro headwinds will continue, we expect the impact on our business to lessen as we anniversary the... More
