Last $20.04 USD
Change Today -0.12 / -0.60%
Volume 99.2K
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

stage stores inc (SSI) Key Developments

Stage Stores, Inc. Declares Quarterly Cash Dividend, Payable on December 17, 2014

Stage Stores Inc. announced that its Board of Directors has declared a quarterly cash dividend of 14.0 cents per share on the company's common stock, payable on December 17, 2014, to shareholders of record at the close of business on December 2, 2014.

Stage Stores Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter Fiscal Year of 2014

Stage Stores Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $364,197,000 against $354,850,000 a year ago. Loss before income tax was $8,298,000 against $15,334,000 a year ago. Loss from continuing operations was $5,107,000 or $0.16 per basic and diluted share against $9,573,000 or $0.30 per basic and diluted share a year ago. Net loss was $5,268,000 or $0.17 per basic and diluted share against $10,971,000 or $0.34 per basic and diluted share a year ago. Adjusted loss was $5,107,000 or $0.16 per diluted share against $7,021,000 or $0.22 per diluted share a year ago. For the nine months, the company reported net sales of $1,113,683,000 against $1,116,944,000 a year ago. Loss before income tax was $9,690,000 against $7,957,000 a year ago. Loss from continuing operations was $5,961,000 or $0.19 per basic and diluted share against $4,929,000 or $0.15 per basic and diluted share a year ago. Net loss was $12,870,000 or $0.41 per basic and diluted share against $8,220,000 or $0.25 per basic and diluted share a year ago. Net cash used in operating activities was $4,377,000 against $45,468,000 a year ago. Additions to property, equipment and leasehold improvements were $48,308,000 against $46,717,000 a year ago. Adjusted loss was $5,961,000 or $0.16 per diluted share against adjusted earnings of $7,789,000 or $0.22 per diluted share a year ago. For the fiscal year 2014, comparable sales are expected to be in the range of flat to positive 2.0%. The company is maintaining its EPS guidance from continuing operations of $1.05 to $1.15. CapEx plan for the year is expected to reach $65 million. For the fourth quarter, the company expects comparable sales is in the range of flat to plus 2%. The company expects to achieve a increase in the fourth quarter gross margin rate.

Stage Stores Inc. to Report Q3, 2015 Results on Nov 19, 2014

Stage Stores Inc. announced that they will report Q3, 2015 results at 6:00 AM, US Eastern Standard Time on Nov 19, 2014

Stage Stores Inc., Q3 2015 Earnings Call, Nov 19, 2014

Stage Stores Inc., Q3 2015 Earnings Call, Nov 19, 2014

Stage Stores Inc. Enters into an Amended and Restated $350 Million Senior Secured Revolving Credit Facility

Stage Stores Inc. announced that it has entered into an amended and restated $350 million senior secured revolving credit facility that will mature on October 6, 2019. The Credit Facility replaces the Company's former $250 million senior secured revolving credit facility, which was set to mature on June 30, 2016. The credit facility increases availability to $300 million, with a seasonal increase to $350 million, provides better pricing terms, and extends the maturity date. Borrowings under the credit facility may be used for working capital and general corporate purposes, as well as to finance capital expenditures and to support the Company's letters of credit requirements. Wells Fargo Capital Finance is the Administrative and Collateral Agent, JPMorgan Chase Bank, N.A. and Regions Bank are the Co-Documentation Agents, Bank of America, N.A. is the Syndication Agent, and Wells Fargo Capital Finance, Merrill Lynch, Pierce, Fenner & Smith Incorporated, JPMorgan Chase Bank, N.A. and Regions Bank are the Joint Lead Arrangers and Joint Bookrunning Managers. The lenders are Wells Fargo Capital Finance, JPMorgan Chase Bank, N.A., Regions Bank and Bank of America, N.A.

 

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