Stage Stores Reports Comparable Store Sales Increase Of 11.1% For September

Stage Stores, Inc. (NYSE: SSI) today reported that total sales for the five week September period ended September 29, 2012 increased 13.7% to $134 million from $118 million in the prior year five week September period ended October 1, 2011. Comparable store sales for the September period increased 11.1%. The Company noted that it was reporting its sales results earlier than normal due to its participation at the Telsey Advisory Group’s Fall Consumer Conference on October 2, 2012.

Every merchandise category achieved a comparable store sales increase during September, with footwear, home & gifts, junior sportswear, misses sportswear, petites and plus sizes leading the way with gains that exceeded the Company average. Geographically, the South Central, Southwest and Northeast regions all outperformed.
       

SALES SUMMARY
 
 
         

Comparable Store Sales
         

Total Sales

 

% Increase (Decrease)

($ in Millions)

Fiscal Period
2012       2011 2012       2011
1 st Quarter 2.5 0.2 366 346
2 nd Quarter 5.4 0.9 381 353
August 6.5 (1.7 ) 124 113
September 11.1 (0.7 ) 134 118
Quarter-To-Date 8.8 (1.2 ) 258 231
Year-To-Date (8 Mos) 5.2 0.1 1,005 930
 

Michael Glazer, President and Chief Executive Officer, commented, “September was an outstanding month for our company, as gains across all of our families of business drove our double-digit comparable store sales increase. September began with strong back-to-school sales and the positive momentum carried throughout the month, resulting in solid full price selling of our fall selections. Our customers are clearly reacting favorably to our merchandising and marketing initiatives, with even more excitement planned for the upcoming holiday season.”

If you liked this article you might like

Looking for Value Plays, Retail Stocks Can Be Excluded

Retail Stocks Don't Make Good Value Plays

Slim Pickings for Thanksgiving in Value Land

My Defensive Stock Screen Hits a Speed Bump