Inactive Instrument

Stage Stores, Inc.

Equities

SSINQ

US85254C3051

Stage Stores, Inc. Announces Impairment of Long-Lived Assets for the Third Quarter Ended November 2, 2019; Provides Earnings Guidance for the Full Year of 2019

November 21, 2019 at 06:30 am

Stage Stores, Inc. announced impairment of long-lived assets for the third quarter ended November 2, 2019. For the quarter, the company reported impairment of long-lived assets of $9,680,000.

The company provided earnings guidance for the full year of 2019. For the year, the company expects net sales between $1,640 million and $1,670 million; comparable sales increase of 7% to 9%; net loss between $65 million and $60 million; loss per share between $2.25 and $2.10.

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Company Profile

Stage Stores, Inc. is a retailer, which operates specialty department stores and off-price stores. The Company offers apparel, accessories, cosmetics, footwear and home goods. The Company operates in over 42 states through approximately 727 department stores under the BEALLS, GOODY'S, PALAIS ROYAL, PEEBLES and STAGE nameplates and approximately 68 GORDMANS off-price stores. It also operates an electronic commerce Website for its department store business. The Company's department stores are located in small towns and rural communities. Its off-price stores are located in mid-sized, non-rural Midwest markets. The Company contracts with third-party carriers to deliver merchandise to its stores and customers in the fulfillment of online orders. It enables customers to pick up an online order in a local store through its buy online, ship-to-store program.

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