Inactive Instrument

Stage Stores, Inc.

Equities

SSINQ

US85254C3051

Stage Stores Reports Comparable Sales for the Nine-Week Period and 48-Week Ended January 4, 2020; Revises Earnings Guidance for the Full Year 2019

January 20, 2020 at 03:12 am

Stage Stores reported comparable sales for the nine-week period and 48-week ended January 4, 2020. For the nine week, the Company reported increase of 1.4% as compared to the
nine-week period ended January 5, 2019.

For the 48-week, comparable sales increased 4.2%.

The company expected full year 2019 earnings to be approximately $25 million to $30 million below the low end of the previously announced guidance range.

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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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