Stage Stores (SSI) Reports Q3 Loss of $0.15/Share
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Stage Stores Reports 17.4% Comparable Sales Increase for the Third Quarter, Raises Fiscal 2019 Guidance
November 21, 2019 6:30 AM ESTHOUSTON--(BUSINESS WIRE)-- Stage Stores, Inc. (NYSE: SSI) today reported results for the third quarter ended November 2, 2019.
Third quarter highlights:
Comparable sales increased 17.4%. Net loss was $15.9 million compared to net loss of $31.4 million in the third quarter 2018. Adjusted net loss improved by $26.3 million to $4.2 million. Adjusted EBITDA improved $28.5 million to $15.3 million. Converted 17 department stores to Gordmans off-price, bringing total year-to-date conversions to 89. Excess availability under the credit facility at quarter end was $101 million, an increase of approximately $35 million compared to the end... More