Stage Stores (SSI) Misses Q4 EPS by 7c; Comps Down 8.5%
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Stage Stores Reports Fourth Quarter and Annual Results
March 2, 2017 6:30 AM ESTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported results for the fourth quarter and fiscal year ended January 28, 2017, and provided guidance for fiscal year 2017. For the fourth quarter, comparable sales decreased 8.5%, net loss was $6.8 million, or a $0.25 loss per diluted share and, on an adjusted basis, fourth quarter net income was $5.7 million, or $0.20 per diluted share.
Michael Glazer, President and Chief Executive Officer, commented, Our fourth quarter adjusted earnings reflect continued challenges in our oil impacted and border states, as well as the overall soft retail environment. Weak traffic led to heightened... More
