Press release from Business Wire
Stage Stores Reports March Sales
Thursday, April 08, 2010
Stage Stores Reports March Sales06:00 EDT Thursday, April 08, 2010
HOUSTON (Business Wire) -- Stage Stores, Inc. (NYSE:SSI) today reported that its total sales for
the five week March period ended April 3, 2010 increased 12.0% to $140
million from $125 million in the prior year five week period ended April
4, 2009. Comparable store sales increased 8.6% this year versus a
decrease of 15.0% last year.
The Company stated that its accessories, children's, cosmetics, dresses,
footwear, junior's and petites categories had double-digit comparable
store sales gains. With regard to region of the country, all regions
achieved comparable store sales increases, with the Southeast and Mid
Atlantic regions posting double-digit gains.
SALES SUMMARY
Comparable Store Sales Trend
Total Sales
% Increase (Decrease)($ in Millions)Fiscal Period2010
200920102009
February
(3.9)%
(8.6)%
$99
$101
March
8.6
(15.0)
140
125
1st Qtr-To-Date
3.0
(12.2)
239
226
Andy Hall, President and Chief Executive Officer, commented, “As
expected, March sales benefitted from the Easter calendar shift. Better
weather, particularly in the final week of the month, and favorable
customer response to our spring merchandise also helped drive sales. We
continue to project that comparable store sales in April will be down
mid single digits reflecting the negative impact of the Easter shift.”
Store Activity
The Company opened 12 new stores during March, all of which were opened
under the Goody's name. New Goody's stores were opened in McMinnville,
Union City and Sweetwater, TN; Jacksonville, IL; Henderson, KY; Aurora
and Linton, IN; Rincon, GA; Oxford, AL; Fort Smith, AR; Junction City,
KS; and South Boston, VA. The Company expects to open an additional 6
new stores during April.
About Stage Stores
Stage Stores, Inc. brings nationally recognized brand name apparel,
accessories, cosmetics and footwear for the entire family to small and
mid-size towns and communities through 770 stores located in 39 states.
The Company operates its stores under the five names of Bealls, Goody's,
Palais Royal, Peebles and Stage. For more information about Stage
Stores, visit the Company's web site at www.stagestoresinc.com.
Caution Concerning Forward-Looking
Statements
This document contains “forward-looking statements”. Forward-looking
statements reflect our expectations regarding future events and
operating performance and often contain words such as "believe",
"expect", "may", "will", "should", "could", "anticipate", "plan" or
similar words. In this document, forward-looking statements include
comments regarding the Company's outlook for April's comparable store
sales as well as comments regarding the number of new stores that the
Company plans to open in April. Forward-looking statements are subject
to a number of risks and uncertainties which could cause actual results
to differ materially from those anticipated by the forward-looking
statements. These risks and uncertainties include, but are not limited
to, those in our Annual Report on Form 10-K as filed with the Securities
and Exchange Commission (the "SEC") on March 30, 2010, and other factors
as may periodically be described in our other filings with the SEC.
Forward-looking statements speak only as of the date of this document.
We do not undertake to update our forward-looking statements.
