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

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

Item 2.02 Results of Operations and Financial Condition

On May 18, 2017, Stage Stores, Inc. (we, our or registrant)
issued a news release reporting our unaudited financial results
for the first quarter of fiscal 2017.
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 (i)
the acquisition of select assets of Gordmans Stores, Inc. and its
subsidiaries and strategic store closures of approximately $4.0
million, or $0.15 per diluted share for the first quarter of
fiscal 2017; and (ii) the consolidation our corporate
headquarters, severance charges associated with a workforce
reduction, and strategic store closures of approximately $0.4
million, or $0.01 per diluted share, for the first of fiscal
2016. Adjusted 2017 guidance excludes after-tax charges
associated with the Gordmans acquisition, store closures and
other strategic initiatives totaling approximately $0.18 per
diluted share. 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 May 18, 2017, we also announced
that our Board of Directors declared a quarterly cash dividend of
$0.05 per share on our common stock, payable on June 14, 2017 to
shareholders of record at the close of business on May 30, 2017.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Stage Stores, Inc. news release dated May 18, 2017.


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 up +0.03 at 2.39 with 932,589 shares trading hands.