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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.