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Stage Stores Reports Increases Of 7.5% In Total Sales And 4.7% In Comparable Store Sales For March

Stage Stores, Inc. (NYSE: SSI) today reported that its total sales for the five week March period ended March 31, 2012 increased 7.5% to $144 million from $134 million in the prior year five week period ended April 2, 2011. Comparable store sales increased 4.7%.

The Company achieved comparable store sales increases in its accessories, children’s, cosmetics, dresses, footwear, home & gifts, junior’s, misses sportswear and petites categories during March. Geographically, the Mid Atlantic, Midwest, Northeast, South Central and Southwest regions all had comparable store sales gains during the month.
                   

SALES SUMMARY
 

Comparable Store Sales

Total Sales

% Increase (Decrease)

($ in Millions)

Fiscal Period

2012

2011

2012

2011
February 3.7 (7.2 ) 101 94
March 4.7 (5.3 ) 144 134
1 st Qtr-To-Date 4.3 (6.1 ) 245 228
 

Michael Glazer, Interim President and Chief Executive Officer, commented, “We are pleased with our 4.7% increase in comparable store sales, which benefited from warmer than normal weather and an earlier Easter versus last year. Conversely, the earlier Easter will have a negative impact on April’s comparable store sales, as will a shift in a Mother’s Day event to May this year from April last year.”

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