This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stage Stores Reports 22% Increase In Fourth Quarter EPS; Company Issues FY 2012 Sales And Earnings Guidance And Provides Update On $200 Million Stock Repurchase Program

Stage Stores, Inc. (NYSE:SSI) today reported net income for the fourth quarter ended January 28, 2012 of $32.7 million versus $32.0 million for the prior year fourth quarter ended January 29, 2011. Diluted earnings per share for the quarter increased 22% to $1.05 this year from $0.86 last year.

Commenting on the Company’s fourth quarter results, Andy Hall, President and Chief Executive Officer, stated, “We are pleased that we met our sales expectations for the fourth quarter; however, despite a 22% increase in earnings per share, we fell short of our bottom-line goal. Our results are a reflection of the highly promotional business environment that was prevalent throughout the quarter. We increased our promotional activities in an effort to respond to our customers needs and to maintain our inventories at an appropriate level. Our heightened promotional activities, coupled with our inability to pass through most of the fall cost increases, negatively impacted our merchandise margins and led to an 80 basis point decline in the gross profit rate. Importantly, we were able to control our SG&A expenses, and achieved a 40 basis point drop in the SG&A rate while operating 27 more stores versus last year.”

For the 2011 fiscal year, the Company reported net income of $31.0 million, or $0.92 per diluted share, versus $37.6 million, or $0.99 per diluted share, for the 2010 fiscal year.

Commenting on the Company’s full year results, Mr Hall stated, “2011 was more promotional than anticipated and, similar to the fourth quarter, this environment negatively impacted our merchandise margins and led to the lower results for the year. We are pleased with the result of our expense focus, as the SG&A rate was 50 basis points lower than last year. We are also pleased with our year end inventory level and content. We ended 2011 with a 1.7% increase in comparable store inventory.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,094.14 +43.39 0.25%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,820.9950 +10.2070 0.21%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs