Stage Stores (SSI) Declares $0.05 Quarterly Dividend; 10.2% Yield
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Stage Stores Reports Third Quarter Results, Declares Quarterly Cash Dividend, and Narrows Guidance Range
November 16, 2017 6:00 AM ESTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported financial results for the third quarter ended October 28, 2017. For the third quarter, comparable sales declined 3.9%. Net loss for the quarter was $17.7 million, or a $0.64 loss per diluted share, including an estimated negative impact of $0.05 per diluted share from Hurricanes Harvey and Irma.
Despite the disruption of Hurricanes Harvey and Irma, we returned to positive comparable sales in October, regaining our momentum from the second quarter, said Michael Glazer, President and Chief Executive Officer. We estimate that the hurricanes negatively impacted total sales by $3.8... More
