Stage Stores (SSI) Reports Q3 Loss of $1.11/Share
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Stage Stores Reports Third Quarter Results
November 20, 2018 6:30 AM ESTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported results for the third quarter ended November 3, 2018, and updated guidance for fiscal year 2018. For the third quarter, Gordmans off-price stores comparable sales increased 9.9%, department stores comparable sales decreased 5.5%, and total company comparable sales decreased 2.8%. On a shifted comparable sales basis, comparing the thirteen weeks ending November 3, 2018 and November 4, 2017, off-price increased 10.3%, department stores decreased 4.1%, and total company decreased 1.5%. Loss before income tax was $31.4 million compared to a loss before income tax of $30.3 million in the third quarter 2017. EBIT was $(28.0) million compared to $(28.3) million in the third quarter... More
