Stage Stores Inc. (NYSE:SSI) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Stage Stores Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.05 in the year-earlier quarter.
Revenue: Rose 3.53% to $378.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stage Stores Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.09. It missed the average revenue estimate of $388.43 million.
Quoting Management: Michael Glazer, President and Chief Executive Officer, stated, “The unseasonably cool weather in March and April, particularly when compared to last year’s warm spring, strongly impacted our sales performance. We managed our inventory aggressively and ended the quarter in a clean inventory position. We feel good about our merchandise assortments going into the second quarter.”
Key Stats (on next page)…