Stage Stores (SSI) Reports Q1 Loss of $1.14, Miss on Revenues; Offers FY18 Revenue Guidance Above Consensus
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Stage Stores Reports First Quarter Results and Declares Quarterly Cash Dividend
May 24, 2018 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported results for the first quarter ended May 5, 2018, and reaffirmed guidance for fiscal year 2018. For the first quarter, comparable sales decreased 2.8%. Loss before income tax was $31.5 million, compared to a loss before income tax of $27.9 million in the first quarter 2017.
Michael Glazer, President and Chief Executive Officer commented, While the first quarter began with positive comparable sales in February, results were negatively impacted by unseasonably cold temperatures in our geography in late March and early April. Once the weather normalized in the second half... More
