Stage Stores Earnings: Everything You Must Know Now

Stage Stores Inc. (NYSE:SSI) delivered a profit 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 increased 10.81% to $0.41 in the quarter versus EPS of $0.37 in the year-earlier quarter.

Revenue: Rose 3.58% to $395.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stage Stores Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.46. It missed the average revenue estimate of $403.55 million.

Quoting Management: “After a slow start to the quarter, sales improved as the weather normalized,” said Michael Glazer, President and Chief Executive Officer. “We ended the quarter with a nice surge from the start of the back-to-school shopping period. We are pleased with our sales performance and record adjusted earnings for the quarter. However, an elevated promotional environment and shortfall in sales at the South Hill stores prevented our earnings from being even higher. While the operational components of the consolidation have been completed, the alignment of merchandise assortments in the stores is taking longer than expected. We are confident that our South Hill stores sales will steadily improve during the fall season as our assortments become more congruent throughout all stores.”

Key Stats (on next page)…

Revenue increased 4.4% from $378.64 million in the previous quarter. EPS increased to $0.41 in the quarter versus EPS of $-0.02 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a loss of $0.21 and has not changed. For the current year, the average estimate is a profit of $1.47, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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