- Shares of Stage Stores (NYSE:SSI) plummet 30% after the company sets full-year guidance below estimates ($1.05-$1.11 vs. $.20-$1.28 prior and $1.23 consensus).
- The company's profit is getting squeezed by a high level of markdowns on seasonal items.
- Stage Stores expects to close 90 stores as part of a multi-year plan.
- Previously: Stage Stores misses by $0.12, misses on revenue
- Previously: More on Stage Stores' Q2