Stage Stores (SSI) Reports Q2 Loss of $0.83; Comps Rise 1.8%
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Stage Stores Reports 1.8% Second Quarter Comparable Sales Increase
August 22, 2019 6:30 AM EDTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported results for the second quarter ended August 3, 2019. For the second quarter, comparable sales increased 1.8%. Net loss was $23.9 million, and adjusted EBITDA was a loss of $0.1 million.
Second quarter results reflect a significant milestone in the implementation of our 2019 and long-term strategies, commented Michael Glazer, Chief Executive Officer. Our second quarter comparable sales increase reflects a 150 basis point benefit from off-price conversions as well as stabilization of our womens apparel business. We were excited to see that total comparable sales growth was driven by... More
