Stage Stores (SSI) Declares $0.05 Quarterly Dividend; 13.2% Yield
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Stage Stores Reports Second Quarter Results, Raises Guidance, and Declares Quarterly Cash Dividend
August 17, 2017 6:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the second quarter ended July 29, 2017. For the second quarter, comparable sales were down 3.6%. The net loss for the quarter was $6.3 million, or a $0.23 loss per diluted share. On an adjusted basis, the second quarter net loss was $4.1 million, or $0.15 per diluted share.
We are pleased to have gained momentum in our business during the second quarter, with sequential improvement that culminated with comparable sales turning positive in July, said Michael Glazer, President and Chief Executive Officer. Several encouraging trends have... More
