Market Overview

UPDATE: Stage Stores Posts Narrower Q3 Loss, Lifts 2012 Forecast

Related SSI
Markets Continue To Rally Ahead Of Yellen's Speech At Jackson Hole
Retail ETF In Play As Handfuls Of Retailers Report Earnings

Stage Stores (NYSE: SSI) posted a narrower fiscal third-quarter loss.

Stage Stores lifted its full-year adjusted earnings forecast to $1.20 to $1.28 per share on sales of $1.63 billion to $1.65 billion. The company had earlier expected earnings of $1.15 to $1.25 per share on sales of $1.61 billion to $1.62 billion.

Stage Stores posted a quarterly loss of $8.86 million, or $0.28 per share, versus a year-ago loss of $11.3 million, or $0.36 per share. However, analysts were expecting a loss of $0.30 per share.

Its gross margin climbed to 21.6% from 21.3%, while sales rose 11% to $371 million.

Stage Stores shares closed at $23.44 yesterday.

Posted-In: lossEarnings News Guidance

 

Related Articles (SSI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters