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TheStreet Open House

Stage Stores Reports 3.3% Increase In Comparable Store Sales For June

Stock quotes in this article: SSI

Stage Stores, Inc. (NYSE: SSI) today reported that total sales for the five week June period ended June 30, 2012 increased 5.8% to $141 million from $134 million in the prior year five week period ended July 2, 2011. Comparable store sales for the month increased 3.3%.

The Company noted that the comparable store sales increase for June was broad based, with cosmetics, footwear, home & gifts and men’s categories exceeding the Company average. Geographically, the Northeast, South Central, which includes Texas, and Southwest regions outperformed.

 

SALES SUMMARY

 
     

Comparable Store Sales

     

Total Sales

 

% Increase (Decrease) ($ in Millions)

Fiscal Period

2012

     

2011

2012

     

2011

1 st Quarter 2.5 0.2 366 347
May 8.0 0.0 130 117
June 3.3 1.8 141 134
2 nd Qtr-to-Date 5.5 0.9 271 251
Year-To-Date (5 Mos) 3.8 0.5 637 598
 

Michael Glazer, President and Chief Executive Officer, commented, “We are pleased with our 3.3% comparable store sales increase for June. Desirable merchandise selections and successful sales events contributed to our solid performance for the month.”

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