Stage Stores Reports October Sales -- Comparable Store Sales Increase 14.9%; Expects To Meet Or Exceed Upper End Of Third Quarte
2005年11月3日 - 8:00PM
ビジネスワイヤ(英語)
Stage Stores, Inc. (Nasdaq:STGS) today reported that total sales
for the four-week period ended October 29, 2005 increased 17.9% to
$96.3 million from $81.7 million in the prior year four-week period
ended October 30, 2004. Comparable store sales increased 14.9%
versus an increase of 1.8% last year. For the third quarter ended
October 29, 2005, the Company reported that total sales increased
7.3% to $306.0 million from $285.3 million last year. Comparable
store sales for the quarter increased 3.9% versus an increase of
4.3% last year. The Company noted that its last year third quarter
comparable store sales results benefited from a calendar shift in
the Texas sales tax holiday weekend from July in 2003, to August in
2004. SALES SUMMARY -0- *T Comparable Store Total Sales Sales Trend
% Increase (Decrease) ($ in Millions) ---------------------
--------------- Fiscal Period 2005 2004 2005 2004
----------------------------------------------------------------------
1st Quarter 4.9% 4.5% $310.1 $289.6 2nd Quarter 7.0 (3.2) 309.4
279.9 August 1.5 8.1 111.2 105.7 September (2.6) 2.5 98.5 97.9
October 14.9 1.8 96.3 81.7 3rd Quarter 3.9 4.3 306.0 285.3
Year-To-Date (9 mos) 5.3 1.8 925.5 854.8 *T Jim Scarborough,
Chairman, President and Chief Executive Officer, commented, "We are
very pleased with our strong 14.9% comparable store sales increase
for October, which represents our largest monthly comp store sales
gain so far this year. It is gratifying to note that our sales
performance was broad based in nature, with most of our major
merchandise categories achieving comparable store sales increases
during the month. In fact, five of our merchandise divisions
achieved comparable store sales growth in excess of 20%, namely
young men's (+23.9%), children's (+23.6%), special sizes (+22.4%),
junior sportswear (+21.5%) and cosmetics (+21.1%)." Mr. Scarborough
continued, "Our October sales performance benefited from generally
cooler and more seasonable weather, combined with strong customer
response to our fall merchandise assortments, and a significant
sales rebound in the market areas that were most impacted by
hurricanes Katrina and Rita in September." Mr. Scarborough
concluded, "Based on our preliminary operating results for the
third quarter, we expect to meet or exceed the upper end of our
previously provided earnings guidance range for the period of $0.28
per diluted share. Looking forward, we believe that we are well
positioned for the fourth quarter, with great looking merchandise
selections for the upcoming holiday shopping season." The Company
plans to report its actual third quarter and nine-months results
before the market opens on Thursday, November 17, 2005, and will
hold a conference call and webcast the same day beginning at 8:30
a.m. Eastern Time. Store Activity During October, the Company
opened new Peebles stores in Clarksdale, MS, Monticello, KY,
Jacksboro, TN, Springfield, VT, Waynesboro, PA, Seaville, NJ and
Winder, GA, which was the Company's first store in that state. In
addition, a Stage store was opened in Emporia, KS. These eight
October openings brought the number of stores opened during the
third quarter to eleven, and increased the number of stores opened
year-to-date to twenty eight. The Company will complete its fiscal
2005 store-opening program in November with the opening of an
additional eight new stores. The Company stated that its four
stores that were damaged in hurricanes Katrina and Rita remain
closed and, therefore, have been removed from its comparable store
sales base, until they reopen. The Company anticipates that three
of these closed stores (Orange, TX, Port Arthur, TX and Moss Bluff,
LA) will reopen in the spring of 2006, while the fourth closed
store (Chalmette, LA) is projected to reopen in the fall of 2006.
About Stage Stores Stage Stores, Inc. brings nationally recognized
brand name apparel, accessories, cosmetics and footwear for the
entire family to small and mid-size towns and communities through
548 stores located in 31 states. The Company operates under the
Bealls, Palais Royal and Stage names throughout the South Central
states, and under the Peebles name throughout the Mid-Atlantic,
Southeastern and Midwestern states. For more information about
Stage Stores, visit the Company's web site at www.stagestores.com.
"Safe Harbor" Statement This news release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, including comments regarding the Company's
outlook for the third quarter of the 2005 fiscal year, as well as
comments regarding the number of stores to be opened in November
and the timing of reopening of its closed stores. The Company
intends forward looking terminology such as "believes," "expects,"
"may," "will," "should," "could," "anticipates," "plans" or similar
expressions to identify forward-looking statements. Such statements
are subject to certain risks and uncertainties which could cause
the Company's 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
the Company's Annual Report on Form 10-K as filed with the
Securities and Exchange Commission (the "SEC") on April 28, 2005,
in the Company's Quarterly Reports on Form 10-Q as filed with the
SEC and other factors as may periodically be described in other
Company filings with the SEC.
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