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Stage Stores updates guidance in front of ICR talk

Jan. 08, 2018 8:25 AM ETStage Stores, Inc. (SSI) StockSSIBy: Clark Schultz, SA News Editor9 Comments
  • Stage Stores (NYSE:SSI) reports comparable sales increased 1.1% for the two-month holiday period ending on December 30.
  • The retailer also narrowed 2017 EP guidance to $0.90 to $1.15 vs. $0.90 to $1.25 prior and 2017 comparable sales of -4.0% to -4.5% vs. -4.0% to -6.0% prior.
  • "We were very pleased to see the strong momentum from the third quarter accelerate into the holiday season as we delivered positive comparable sales in both November and December. Our e-commerce sales increased at a double-digit rate once again as we remain focused on driving growth in this channel. Our non-apparel businesses, primarily cosmetics, shoes, home, gifts, and handbags, had the strongest performances during the holiday season," says CEO Michael Glazer.
  • #ICR18

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