$SSI (Stage Stores Inc.)

$SSI {{ '2016-05-19T11:28:12+0000' | timeago}} • Announcement

$SSI's comparable sales for 1Q16 decreased 8.5%. Excluding stores in Texas, Louisiana, Oklahoma, and New Mexico states, which hurt results, the company's comparable sales declined 3.8%. $SSI expects these macro factors will weigh on its sales performance in the near-term and it is reducing expenses, inventories, and capital spending.

$SSI {{ '2017-04-07T19:42:39+0000' | timeago}} • Announcement

$SSI closed on its acquisition of selected assets of Gordmans Stores, Inc. for the remainder of FY17, the acquisition is expected to contribute $230-245MM in revenue and be neutral to earnings, exclusive of acquisition costs. $SSI anticipates the addition of the Gordmans stores to be significantly accretive to earnings in FY18.

$SSI {{ '2017-04-07T19:41:22+0000' | timeago}} • Announcement

$SSI closed on its acquisition of selected assets of Gordmans Stores, Inc., including a minimum of 50 Gordmans store leases. $SSI expects to pay $35-40MM for the inventory, with the final amount to be determined following the completion of a post-closing physical inventory count and an additional $2-3MM for the other assets.

$SSI {{ '2017-03-02T14:39:46+0000' | timeago}} • Webcast

$SSI plans to close 15 to 20 stores, while not opening any stores in 2017. The company also plans to remodel, expand or relocate approx. 10 stores during the year.

$SSI {{ '2017-03-02T14:35:13+0000' | timeago}} • Webcast

During 2016, $SSI closed 37 stores, completed 86 remodels, relocations and expansions. Store count at the end of 2016 was 798. The company said it has also made number of other capital investments during the year in technology, omni-channel and supply chain.

$SSI {{ '2017-03-02T14:21:15+0000' | timeago}} • Webcast

$SSI said its quick action to clear goods in 4Q16 resulted in a 6% YoY decline in inventory. In addition, the company's online business grew double digit during the quarter.

$SSI {{ '2017-03-02T12:29:50+0000' | timeago}} • Announcement

$SSI expects 2017 free cash flow (defined as net cash provided by operating activities less capital expenditures) to be positive within its provided guidance range. Capital expenditures in 2017, net of construction allowances from landlords, are expected to be $35-40MM, compared to $67MM in 2016.

$SSI {{ '2017-03-02T12:28:40+0000' | timeago}} • Announcement

$SSI expects 2017 sales of $1.33-1.385Bil, assuming comparable sales of down 4-8%, and loss per share of $0.95-1.55. Total sales include the impact of a 53rd week, while comparable sales reflect a 52-week period. $SSI sees weighted average shares of about 27.5MM and effective tax rate of 32-35%.

$SSI {{ '2017-03-02T12:26:32+0000' | timeago}} • Announcement

$SSI slipped to a 4Q16 loss from a profit last year, due to lower sales and soft retail environment. Net loss was $6.84MM or $0.25 per share compared to a profit of $21MM or $0.71 per share last year. Net sales fell to $454.44MM from $502.63MM. Adjusted EPS decreased to $0.20 from $0.91. Comparable sales declined 8.5%.

$SSI {{ '2016-12-19T14:48:11+0000' | timeago}} • Announcement

$SSI entered into an amendment to its senior secured revolving credit facility. The amendment increases total capacity under the facility from $350MM to $450MM, including a $50MM seasonal increase and $25MM letter of credit sublimit. This also extends the term from Oct. 6, 2019 until Dec. 16, 2021.

$SSI {{ '2016-11-17T18:22:54+0000' | timeago}} • Webcast

$SSI expects that CapEx for 2017 would be lower than 2016 levels. Last year, the company announced that it is going to close about 90 stores. Last year, 23 stores were closed and approx. 30 stores will be closed this year. At year-end, $SSI will check its portfolio and decide on the store closure.

$SSI {{ '2016-11-17T18:10:26+0000' | timeago}} • Webcast

$SSI said that it will be reaching out to more customers in 4Q16. For Thanksgiving and Black Friday events, the company has planned for merchandise offers, and in store and online promotions.

$SSI {{ '2016-11-17T18:02:06+0000' | timeago}} • Webcast

Specialty department stores operator $SSI reported that 3Q16 sales and margins were hurt by soft traffic, primarily due to unseasonably warm weather and other macro headwinds. Comp sales were down 8.2%. To invest in the holiday season, $SSI reduced marketing and store expense during the first nine months of 2016.

$SSI {{ '2016-11-17T12:46:47+0000' | timeago}} • Announcement

$SSI's BoD declared a quarterly dividend of 15 cents per share on its common stock. The dividend is payable on Dec. 14, 2016 to shareholders of record on Nov. 29, 2016.

$SSI {{ '2016-11-17T12:43:21+0000' | timeago}} • Announcement

$SSI lowered 2016 weighted average shares outlook to 27.1MM from 28.2MM. The company expects 2016 capital expenditures, net of construction allowances from landlords, of about $65MM compared to $87MM in 2015.

$SSI {{ '2016-11-17T12:40:37+0000' | timeago}} • Announcement

$SSI expects 4Q16 comparable sales to be down 6-2% and EPS of $0.65-0.90. Weighted average diluted shares are expected to be $28.3MM. For 2016, $SSI lowered comparable sales outlook to range of down 8-7% from down 6-4%. $SSI now sees adjusted loss per share of $0.40-0.15 compared to prior adjusted EPS estimate of $0.20-0.40.

$SSI {{ '2016-11-17T12:35:57+0000' | timeago}} • Announcement

Department store operator $SSI reported a wider 3Q16 loss due to difficult retail environment, unseasonably warm weather, weak peso, and ongoing depressed oil prices pressure. Net loss widened to $15.63MM or $0.58 per share from $10.18MM or $0.32 per share last year. Sales fell 9.8% to $317.14MM. Adjusted loss per share widened to $0.57 from $0.29.

$FRAN {{ '2016-09-21T07:56:57+0000' | timeago}} • Announcement

Specialty retailer $FRAN said Steven Lawrence, most recently Chief Merchandising Officer for $SSI, will be President and CEO, effective Oct. 2016. Lawrence is also appointed to the company's BoD. Richard Kunes who has been Interim Chairman, President and CEO will become Company's Chairman of the Board.

$SSI {{ '2016-09-21T07:20:10+0000' | timeago}} • Announcement

Specialty department stores $SSI said it has promoted Thorsten Weber to the post of EVP and Chief Merchandising Officer. Weber succeeds Steve Lawrence who will be leaving the company to pursue other interests.

$SSI {{ '2016-08-18T14:15:54+0000' | timeago}} • Webcast

Heather Balsky of Bank of America asks about the performance at 200 renovated stores. $SSI CFO Oded Shein said that sales were difficult across the board in 2Q16. He added that the performance was better in the renovated stores than the rest of the chain. $SSI expects that the performance of renovated stores would help it in the fall season.

$SSI {{ '2016-08-18T14:03:29+0000' | timeago}} • Webcast

David Mann of Johnson Rice asks how the back-to-school season started for $SSI. Chief Merchandising Officer Steven Lawrence said that the company has a lot of stores in Texas and it was happy with the results of the first weekend in August. He cautioned that the company still has to do a lot of business for back-to-school.

Recent Transcripts

GWW (W.W. Grainger, Inc.)
Wednesday, July 19 2017 - 3:00pm
BBBY (Bed Bath & Beyond Inc.)
Thursday, June 22 2017 - 9:00pm
EXPR (Express Inc.)
Thursday, June 1 2017 - 1:00pm
GCO (Genesco Inc.)
Thursday, May 25 2017 - 12:30pm
TLYS (Tilly's, Inc.)
Tuesday, May 23 2017 - 8:30pm
DSW (DSW Inc.)
Tuesday, May 23 2017 - 12:30pm
FL (Foot Locker, Inc.)
Friday, May 19 2017 - 1:00pm
GPS (The Gap, Inc.)
Thursday, May 18 2017 - 9:00pm
BONT (Bon-Ton Stores Inc.)
Thursday, May 18 2017 - 2:00pm
LB (L Brands, Inc.)
Thursday, May 18 2017 - 1:15pm
SSI (Stage Stores Inc.)
Thursday, May 18 2017 - 12:30pm
WMT (Wal-Mart Stores Inc.)
Thursday, May 18 2017 - 12:00am
TGT (Target Corp.)
Wednesday, May 17 2017 - 12:00pm
TJX (The TJX Companies, Inc.)
Tuesday, May 16 2017 - 3:00pm
JCP (J. C. Penney Company, Inc.)
Friday, May 12 2017 - 12:30pm
JWN (Nordstrom Inc)
Thursday, May 11 2017 - 8:45pm
KSS (Kohl's Corp.)
Thursday, May 11 2017 - 12:30pm
P (Pandora Media, Inc.)
Monday, May 8 2017 - 9:00pm
G (Genpact Limited)
Thursday, May 4 2017 - 8:30pm
CXW (Corrections Corporation of America)
Thursday, May 4 2017 - 3:00pm

AlphaGraphics you may like