Stage Stores Reports Comparable Store Sales Increase Of 6.5% For October And 8.1% For The Third Quarter

Stage Stores, Inc. (NYSE: SSI) today reported that total sales for the four week October period ended October 27, 2012 increased 9.8% to $113 million from $102 million in the prior year four week October period ended October 29, 2011. Comparable store sales for the October period increased 6.5%.

For the month, cosmetics, home & gifts, junior sportswear, men’s and misses sportswear posted comparable store sales gains that exceeded the Company average. Geographically, all regions of the country achieved a comparable store sales increase, with the Midwest, Northeast, South Central and Southwest regions outperforming.

For the third quarter, the Company reported that total sales increased 11.1% to $371 million from $333 million last year. Comparable store sales for the quarter increased 8.1%. For the first nine months of the fiscal year, total sales grew 8.2% to $1,118 million and comparable store sales increased 5.3%.
             

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
2 nd Quarter 5.4 0.9 381 353
August 6.5 (1.7) 124 113
September 11.1 (0.7) 134 118
October 6.5 0.8 113 102
3 rd Quarter 8.1 (0.6) 371 333
Year-To-Date (9 Mos) 5.3 0.2 1,118 1,033
 

Michael Glazer, President and Chief Executive Officer, commented, “October was another strong month for our company and provides us with nice momentum as we enter the critical fourth quarter. We feel we are well positioned for the important holiday shopping period with a solid combination of desirable merchandise assortments, a compelling promotional calendar and exciting store events.”

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