Stage Stores, Inc. (SSI) Reports A 9.9% Increase In Fourth-Quarter Profits

Stage Stores, Inc. (NYSE: SSI) reported a 9.9% increase in profits for the fourth-quarter, on Tuesday.

The strong results came on the back of effective cost management, and improved margins at the company, which offset a slight decline in revenue. The company reported a profit of $27.9 million, or $0.72 per share for the quarter, compared with a profit of $25.3 million, or $0.67 per share for the same period last year.

The company reported a 5.3% decline in revenue to $431.7 million, with same-store sales down by 6.5%. The company reported a gross margin of 30.9% for the quarter, up from 29.1%.

Stage Stores, Inc. shares closed at $15.01 on Monday.