HOUSTON -- (Business Wire)
Stage Stores, Inc. (NYSE: SSI) today reported total sales of $100
million for the five week January period ended February 2, 2013 versus
$85 million for the prior year four week January period ended January
28, 2012. Comparable store sales for the first four weeks of this year’s
January period increased 10.5%.
Every merchandise category achieved a comparable store sales increase
for the month, with accessories, home, intimates, junior sportswear and
misses sportswear posting comparable store sales gains that exceeded the
Company average. Geographically, every region of the country achieved a
comparable store sales increase, with the Northeast, Mid Atlantic and
South Central regions outperforming.
For the fourteen week fourth quarter, the Company reported total sales
of $528 million versus $479 million for the thirteen week fourth quarter
last year. Comparable store sales during the first thirteen weeks of
this year’s fourth quarter grew 6.6%. For the 53 week 2012 fiscal year,
total sales were $1,646 million versus $1,512 million for the 52 week
2011 fiscal year. Comparable store sales during the first 52 weeks of
the 2012 fiscal year increased 5.7%.
Michael Glazer, President and Chief Executive Officer, commented,
“January put an exclamation point on a fantastic fourth quarter and
year, as the month’s strong performance helped push comparable store
sales for both periods to their highest levels in over 10 years. We
achieved solid comparable store sales increases across all of our
families of business and in all areas of the country in January. With
these strong sales results, as we previously announced, we will meet or
exceed the high end of our earnings guidance range for the 2012 fiscal
year.
“Our strong finish to the year gives us momentum heading into 2013.
That, coupled with the initiatives we have in place to build upon the
excitement that we created in 2012 in our merchandising, marketing and
stores, makes us optimistic that we can continue to deliver strong sales
and earnings growth,” Mr. Glazer concluded.
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SALES SUMMARY
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Comparable Store Sales
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Total Sales
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| | | | % Increase (Decrease) | | | | | ($ in Millions) |
Fiscal Period | | | | 2012 | | | | 2011 | | | | | 2012(1) |
| | | 2011(2) |
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|
1st Quarter
| | | |
2.5
| | | | |
0.2
| | | | | |
366
| | | |
347
| |
|
2nd Quarter
| | | |
5.4
| | | | |
0.9
| | | | | |
381
| | | |
353
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|
3rd Quarter
| | | |
8.1
| | | | |
(0.6
|
)
| | | | |
371
| | | |
333
| |
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November
| | | |
13.2
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2.3
| | | | | |
141
| | | |
121
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|
December
| | | |
2.7
| | | | |
1.2
| | | | | |
287
| | | |
273
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January
| | | |
10.5
| (3) | | | |
(0.1
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)
| | | | |
100
| | | |
85
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4th Quarter
| | | |
6.6
| (3) | | | |
1.3
| | | | | |
528
| | | |
479
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Full Year
| | | |
5.7
| (3) | | | |
0.5
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1,646
| | | |
1,512
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(1) |
| Fiscal 2012 consisted of 53 weeks and ran from January 29, 2012
to February 2, 2013. |
(2) | | Fiscal 2011 consisted of 52 weeks and ran from January 30, 2011
to January 28, 2012. |
(3) | | Comparable store sales are calculated over the first 4 weeks of
the 5 week January period, the first 13 weeks of the 14 week
fourth quarter, and the first 52 weeks of the 53 week 2012 fiscal
year. |
The Company reconfirmed that, beginning in fiscal 2013, it will no
longer report monthly sales. The Company will report its sales on a
quarterly basis at the same time that it reports its quarterly results.
Store Activity
The Company reported that it closed a store in Baytown, TX during
January. For the 2012 fiscal year, the Company opened 56 new stores and
closed 5 stores. As a result of its store activity, the Company’s store
count grew from 813 stores at the beginning of the year to 864 stores at
the end of the year.
Reporting of Fourth Quarter and Full Year Results
The Company plans to report its fourth quarter and 2012 fiscal year
results before the market opens on Tuesday, March 12, 2013, and will
hold a conference call and webcast the same day beginning at 8:30 a.m.
Eastern Time.
About Stage Stores
Stage Stores, Inc. operates primarily in small and mid-sized towns and
communities. Its stores, which operate under the Bealls, Goody’s, Palais
Royal, Peebles, Stage and Steele’s names, offer moderately priced,
nationally recognized brand name apparel, accessories, cosmetics and
footwear for the entire family. The Company operates 864 stores in 40
states. The Company also has an eCommerce website. For more information
about Stage Stores, visit the Company’s web site at www.stagestoresinc.com.
Caution Concerning Forward-Looking Statements
This document contains “forward-looking statements”. Forward-looking
statements reflect our expectations regarding future events and
operating performance and often contain words such as "believe",
"expect", "may", "will", "should", "could", "anticipate", "plan" or
similar words. In this document, forward-looking statements include
comments regarding the Company’s expectations that it will meet or
exceed the high end of its earnings guidance range for the 2012 fiscal
year. Forward-looking statements also include comments regarding the
Company’s expectations that it will continue to deliver strong sales and
earnings growth. Forward-looking statements are subject to a number of
risks and uncertainties which could cause actual results to differ
materially from those anticipated by the forward-looking statements.
These risks and uncertainties include, but are not limited to, those
described in our Annual Report on Form 10-K as filed with the Securities
and Exchange Commission (the "SEC") on March 28, 2012, and other factors
as may periodically be described in our other filings with the SEC.
Forward-looking statements speak only as of the date of this document.
We do not undertake to update our forward-looking statements.
Contacts:
Stage Stores, Inc.
Bob Aronson, 800-579-2302
Vice President,
Investor Relations
baronson@stagestores.com
Source: Stage Stores, Inc.