logo
Plus   Neg
Share
Email

Stage Stores Boosts FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Thursday, retailer Stage Stores Inc. (SSI) raised its guidance for the full-year 2019, based on the outstanding results in the third quarter and strong momentum entering the fourth quarter. For the third quarter, the company also reported comparable sales growth of 17.4 percent.

For fiscal 2019, the company currently projects adjusted loss in a range of $1.40 and $1.25 per share on net sales between $1.64 billion and $1.67 billion, with comparable sales increase of 7 to 9 percent.

Previously, the company expected a loss in the range of $14.20 to $14.45 per share on net sales between $1.56 billion and $1.59 billion, with comparable sales increase of 1 to 3 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Nestle Prepared Foods, part of Swiss food and beverage giant Nestle SA, has recalled around 762,615 pounds of not-ready-to-eat or NRTE pepperoni hot pockets as it might be contaminated with extraneous materials including glass and hard plastic, the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS said. Lake Champlain Chocolates or LCC has recalled select LCC milk chocolate products citing the possible presence of foreign objects, mainly brittle plastic pieces, according to the U.S. Food and Drug Administration. The affected products include Hazelnut Five Star Bar; Fruit & Nut Five Star Bar; Almond Five Star Bar; Granola Five Star Bar... A public health alert has been issued for ready-to-eat or RTE beef jerky products by the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The warning is given due to misbranding and the presence of undeclared anchovies, a known allergen. A recall was not requested because the products are not currently available for sale to consumers.
Follow RTT