Stage Stores, Inc. (NYSE:SSI) Files An 8-K Other Events
Item 8.01 Other Events
registrant) issued a news release reporting our unaudited holiday
comparable sales results for the nine week period ending December
31, 2016 and updating our guidance for fiscal 2016. A copy of the
news release is attached to this Form 8-K as Exhibit 99.
per diluted share, a non-GAAP financial measure, 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). The non-GAAP financial
measure excludes 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 $0.05
per diluted share for fiscal 2016. 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.
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Stage Stores, Inc. news release dated January 6, 2017.
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About Stage Stores, Inc. (NYSE:SSI)
Stage Stores, Inc. operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business. The Company’s direct-to-consumer business consists of its e-commerce Website and Send program. The Company’s e-commerce Website includes a range of merchandise categories found in its stores, as well as other product offerings. The Company’s in-store Send program allows customers to have merchandise shipped directly to their homes if the preferred size or color is not available in their local store. The Company’s private label portfolio brands are developed and sourced through agreements with third-party vendors. Stage Stores, Inc. (NYSE:SSI) Recent Trading Information
Stage Stores, Inc. (NYSE:SSI) closed its last trading session down -0.11 at 4.00 with 817,734 shares trading hands.