Stage Stores Inc. (SSI) said its January comparable store sales decreased 11.3% this year versus a decline of 13.1% last year.
Total sales for the four week January period ended January 30, 2010 decreased 10.2% to $67 million from $75 million in the prior year four week period ended January 31, 2009.
For the fourth quarter, the company reported a 6.5% decline in comparable store sales versus a 7.2% decline in the 2008 period. Total sales for the latest quarter also slipped to $432 million from $456 million in the previous year. On average, 5 analysts polled by Thomson Reuters expected revenues of $436.15 million for the quarter. Analysts' estimate typically excludes one-time items.
The company stated that with fourth-quarter sales within its guidance range and strong merchandise margins, it expects to report fourth-quarter earnings that exceed last year's $0.67 per share.
Hence, Stage Stores expects to exceed the high end of its earnings guidance ranges for the fourth quarter and full year of $0.66 and $0.69 per share, respectively. Earlier, the company expected earnings per share to be at or near the high end of its guidance range of $0.56 - $0.66 for the fourth quarter and $0.59 - $0.69 for the year.
Five analysts anticipate fourth-quarter earnings per share of $0.65 and full-year earnings per share of $0.67.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.