Stage Stores, Inc. (NASDAQ:SSI) Files An 8-K Results of Operations and Financial Condition

Stage Stores, Inc. (NASDAQ:SSI) Files An 8-K Results of Operations and Financial Condition

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Item 2.02 Results of Operations and Financial Condition

On November 17, 2016, Stage Stores, Inc. (we, our or registrant)
issued a news release reporting our unaudited financial results
for the third quarter of fiscal 2016 and updating our guidance
for fiscal 2016.
The news release included non-GAAP financial measures, as that
term is defined by Rule 101 of Regulation G (17 CFR Part 244) and
Item 10 of Regulation S-K (17 CFR Part 229). Specifically, the
following non-GAAP financial measures were included: (i) adjusted
net loss; (ii) adjusted loss per diluted share; and (iii)
adjusted selling, general and administrative expenses. The
non-GAAP financial measures exclude from the most directly
comparable financial measure calculated and presented in
accordance with accounting principles generally accepted in the
United States of America (GAAP) after-tax charges related to the
consolidation our corporate headquarters, severance associated
with workforce reductions and strategic store closures of
approximately $0.2 million, or $0.01 per diluted share for the
third quarter of fiscal 2016, and $1.3 million, or $0.05 per
diluted share for the year-to-date. The news release posted in
the Investor Relations section of our website contains a
presentation of the most directly comparable financial measure
calculated and presented in accordance with GAAP and a
reconciliation of the difference between the non-GAAP financial
measures and the most directly comparable financial measures
calculated and presented in accordance with GAAP. We believe this
supplemental financial information enhances an investors
understanding of our financial performance as it excludes those
items which impact comparability of operating trends. The
non-GAAP financial information should not be considered in
isolation or viewed as a substitute for net income, cash flow
from operations or other measures of performance as defined by
GAAP. Moreover, non-GAAP financial information as reported by us
is not necessarily comparable to other similarly titled measures
of other companies due to the potential inconsistencies in the
method of presentation and items considered.
Attached as Exhibit 99 to this Form 8-K is a copy of the news
release, including information concerning forward-looking
statements and factors that may affect our future results. The
information in Exhibit 99 shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific
reference to such filing. By furnishing the information in this
Form 8-K and the attached exhibit, we are making no admission as
to the materiality of any information in this Form 8-K or the
exhibit.
Item 8.01 Other Events.
In our news release issued on November 17, 2016, we also
announced that our Board of Directors declared a quarterly cash
dividend of $0.15 per share on our common stock, payable on
December 14, 2016 to shareholders of record at the close of
business on November 29, 2016.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Stage Stores, Inc. news release dated November 17, 2016.


About Stage Stores, Inc. (NASDAQ:SSI)


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