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Stage Stores Inc (SSI.N)

SSI.N on New York Stock Exchange

2.14USD
18 Oct 2019
Change (% chg)

$-0.03 (-1.38%)
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$2.17
Open
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$1.98
Volume
56,648
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45,109
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$2.56
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Latest Key Developments (Source: Significant Developments)

Stage Stores Announces Total Company Conversion To Off-Price
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Stage Stores Inc ::STAGE STORES ANNOUNCES TOTAL COMPANY CONVERSION TO OFF-PRICE.STAGE STORES INC - ANNOUNCED PLANS TO CONVERT SUBSTANTIALLY ALL ITS STORES TO OFF-PRICE.STAGE STORES INC - PLANS TO BEGIN CONVERTING ITS REMAINING DEPARTMENT STORES IN FEBRUARY OF 2020.STAGE STORES INC - EXPECTS TO BE OPERATING APPROXIMATELY 700 PREDOMINANTLY SMALL-MARKET GORDMANS OFF-PRICE STORES BY Q3 OF FISCAL 2020.STAGE STORES INC - PLANS TO CLOSE APPROXIMATELY 40 STORES DURING FISCAL 2020.STAGE STORES INC - CAPITAL SPEND IN FISCAL 2020, INCLUSIVE OF ALL CONVERSION ACTIVITIES, IS EXPECTED TO BE APPROXIMATELY $30 MILLION.STAGE STORES - ABLE TO EXECUTE FISCAL 2020 CONVERSION STRATEGY WHILE MAINTAINING CAPITAL SPEND IN LINE WITH FISCAL YEARS 2018 & 2019.STAGE STORES - A LIMITED NUMBER OF STORES MAY CONTINUE TO OPERATE UNDER THEIR EXISTING DEPARTMENT STORE NAMEPLATES UNTIL CLOSURE IS PERMITTED BY LEASE.  Full Article

Stage Stores Says Q4 Same Store Sales Fell 2.4 Percent
Thursday, 7 Mar 2019 

March 7 (Reuters) - Stage Stores Inc ::STAGE STORES REPORTS FOURTH QUARTER RESULTS AND INITIATES FISCAL 2019 GUIDANCE.Q4 LOSS PER SHARE $0.28.Q4 SALES $520 MILLION VERSUS $549 MILLION.Q4 SAME STORE SALES FELL 2.4 PERCENT.SEES FY 2019 LOSS PER SHARE $2.10 TO $2.25.SEES FY 2019 SALES $1.59 BILLION TO $1.62 BILLION.QTRLY SHIFTED COMPARABLE SALES, COMPARING THIRTEEN WEEKS ENDED FEBRUARY 2, 2019 AND FEBRUARY 3, 2018, INCREASED 0.6%.SEES 2019 COMPARABLE SALES INCREASE OF +3% TO +5%.SEES CONVERTING 70 TO 80 DEPARTMENT STORES TO GORDMANS OFF-PRICE STORES, AND CLOSE 40 TO 60 DEPARTMENT STORES IN 2019.SAYS "BY THE END OF 2020, OFF-PRICE SALES WILL REPRESENT APPROXIMATELY 50% OF OUR SALES VOLUME".  Full Article

Stage Stores Names Jason Curtis As Chief Financial Officer
Tuesday, 5 Feb 2019 

Feb 4 (Reuters) - Stage Stores Inc ::STAGE STORES NAMES JASON CURTIS AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.STAGE STORES INC - PROMOTION OF JASON CURTIS TO EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER.  Full Article

Stage Stores Addresses NYSE Listing Standards
Saturday, 2 Feb 2019 

Feb 1 (Reuters) - Stage Stores Inc ::STAGE STORES ADDRESSES NYSE LISTING STANDARDS.STAGE STORES - GOT NOTIFICATION FROM NEW YORK STOCK EXCHANGE ON JAN. 28 THAT CO IS NO LONGER IN COMPLIANCE WITH NYSE CONTINUED LISTING CRITERIA.STAGE STORES INC - NYSE NOTIFICATION DOES NOT AFFECT CO'S BUSINESS OPERATIONS OR ITS SECURITIES AND EXCHANGE COMMISSION REPORTING REQUIREMENTS.  Full Article

Stage Stores Q3 Sales $347 Million Versus $357 Million
Tuesday, 20 Nov 2018 

Stage Stores Inc ::STAGE STORES REPORTS THIRD QUARTER RESULTS.Q3 LOSS PER SHARE $1.11.Q3 SALES $347 MILLION VERSUS $357 MILLION.UPDATED GUIDANCE FOR FISCAL YEAR 2018.SEES Q4 NET SALES $529 MILLION TO $544 MILLION.IN GORDMANS OFF-PRICE, ANTICIPATE ANOTHER QUARTER OF DOUBLE DIGIT COMPARABLE SALES GROWTH.SEES Q4 COMPARABLE SALES -1% TO +2%.IN QUARTER, COMPARABLE SALES INCREASED 9.9% IN OFF-PRICE, DECREASED 5.5% FOR DEPARTMENT STORES, AND DECREASED 2.8% FOR TOTAL COMPANY.SEES Q4 2018 NET INCOME $21 MILLION TO $26 MILLION.SEES FY 2018 NET LOSS $59 MILLION TO $54 MILLION.SEES Q4 2018 EARNINGS PER DILUTED SHARE $0.65 TO $0.80, SEES FY 2018 LOSS PER DILUTED SHARE $2.10 TO $1.90.FOR FISCAL 2018, REAFFIRMED CAPITAL EXPENDITURES GUIDANCE OF $30 MILLION TO $35 MILLION.  Full Article

Stage Stores Reports Q2 Loss Per Share $0.60
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Stage Stores Inc ::STAGE STORES REPORTS SECOND QUARTER RESULTS AND UPDATES GUIDANCE.Q2 LOSS PER SHARE $0.60.Q2 SALES $369 MILLION VERSUS $377 MILLION.Q2 SAME STORE SALES FELL 0.2 PERCENT.SEES FY 2018 LOSS PER SHARE $1.20 TO $1.45.SEES FY 2018 SALES $1.61 BILLION TO $1.64 BILLION.FOR FISCAL 2018, COMPANY REAFFIRMED NET SALES , COMPARABLE SALES ,CAPITAL EXPENDITURES GUIDANCE."WHILE OUR DEPARTMENT STORE BUSINESS WAS CHALLENGED IN MIDDLE OF QUARTER, WE SAW COMPARABLE SALES INCREASE IN LATE JULY".ENDED Q2 WITH $95 MILLION IN EXCESS AVAILABILITY, INCLUDING IMPACT OF RECENT CREDIT FACILITY AMENDMENT.  Full Article

Stage Stores Entered Into An Amendment To Senior Secured Revolving Credit Facility Agreement
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Stage Stores Inc ::STAGE STORES INC ON AUGUST 3, ENTERED INTO AN AMENDMENT TO SENIOR SECURED REVOLVING CREDIT FACILITY AGREEMENT - SEC FILING.STAGE STORES INC - AMENDMENT PROVIDES CO WITH A $25 MILLION TERM LOAN.STAGE STORES INC - WITH ADDITION OF NEW TERM LOAN, TOTAL AVAILABILITY UNDER CREDIT FACILITY IS UP TO $450MLN, INCLUDING $25 MILLION SEASONAL INCREASE.STAGE STORES INC - TERM LOAN MATURES ON DECEMBER 16, 2021.  Full Article

Stage Stores Reports Q1 Loss Per Share Of $1.14
Thursday, 24 May 2018 

May 24 (Reuters) - Stage Stores Inc ::STAGE STORES REPORTS FIRST QUARTER RESULTS AND DECLARES QUARTERLY CASH DIVIDEND.Q1 LOSS PER SHARE $1.14.Q1 SALES $344 MILLION VERSUS $309 MILLION.Q1 SAME STORE SALES FELL 2.8 PERCENT.SEES FY 2018 LOSS PER SHARE $0.95 TO $1.35.SEES FY 2018 SALES $1.61 BILLION TO $1.64 BILLION.FOR FY 2018, THE COMPANY REAFFIRMED GUIDANCE.COMPANY NOW PLANS FOLLOWING FOR FISCAL 2018 CAPITAL EXPENDITURES OF $30 MILLION TO $35 MILLION.  Full Article

Stage Stores Reports 1.1% Comparable Sales Increase For Holiday Period
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Stage Stores Inc ::FY17 ‍GUIDANCE IS EXCLUSIVE OF IMPACT OF FEDERAL TAX REFORM AND VALUATION OF NET DEFERRED TAX ASSETS​.STAGE STORES REPORTS 1.1% COMPARABLE SALES INCREASE FOR HOLIDAY PERIOD.SEES FY 2017 ADJUSTED LOSS PER SHARE $0.90 TO $1.15.  Full Article

Stage Stores reports Q3 loss per share $0.64
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Stage Stores Inc :Stage Stores Inc reports third quarter results, declares quarterly cash dividend, and narrows guidance range.Q3 loss per share $0.64.Q3 sales rose 12.6 percent to $357.2 million.Q3 same store sales fell 3.9 percent.Stage Stores Inc - ‍has narrowed its guidance range for 2017​.Stage Stores Inc - ‍adjusted loss per diluted share is now expected to be between $0.90 and $1.25 for 2017​.Stage Stores Inc - qtrly ‍net loss $17.7 million, or a $0.64 loss per share, including estimated negative impact of $0.05 per share from hurricanes Harvey, Irma​.Stage Stores Inc qtrly net loss‍ included an estimated negative impact of $0.05 per diluted share from hurricanes Harvey And Irma​.Stage Stores Inc - sees fy 2017 ‍adjusted loss per diluted share is now expected to be between $0.90 and $1.25​.Stage Stores Inc - ‍updated 2017 guidance assumes comparable sales are in a range of down 4 pct to down 6 pct​.Stage Stores Inc - ‍capital expenditures in 2017, net of construction allowances from landlords, are expected to be $40 million.  Full Article