Stage Stores (SSI) Lowers Quarterly Dividend 66.7% to $0.05; 8.8% Yield
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Stage Stores Reports First Quarter Results and Declares Quarterly Cash Dividend
May 18, 2017 6:00 AM EDTCompany Enters Off-Price Segment with Strategic Gordmans Acquisition
HOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the first quarter ended April 29, 2017. For the first quarter, the net loss was $19.0 million, or a $0.70 loss per diluted share. On an adjusted basis, first quarter net loss was $15.0 million, or $0.55 per diluted share, compared to an adjusted loss of $0.56 in the first quarter of 2016.
We are pleased to have improved adjusted earnings to last year. Our team has worked hard to increase merchandise margins by nearly 170 basis... More
