Stage Stores, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended February 3, 2018. For the fourth quarter, revenue was $549.4 million compared with $454.4 million in the corresponding period a year earlier. Income before income tax was $17.4 million compared to loss of $8.5 million in the last year. Net income was $5.6 million compared to loss of $6.8 million for the same period a year ago. Basic and diluted earnings per share was $0.19 per share compared to loss per share of $0.25 for the same period a year ago. On adjusting (GAAP) basis fourth quarter net income was $13.6 million, or $0.45 per diluted share, compared to net income of $5.7 million, or $0.20 per diluted share, in the fourth quarter of 2016. Adjusted (GAAP) EBIT was $22.1 million compared to $13.6 million last year. EBIT was $19.6 million compared to LBIT of $7.1 million of last year.

For the full year, net sales were $1,592 million compared to $1,443 million last year. Loss before income tax was $50.3 million compared to $63 million in the last year. Net loss was $37.3 million compared to a net loss of $37.9 million last year. Basic and diluted loss per share was $1.37 compared to $1.40 in the previous year. Adjusted (GAAP) net loss was $23.0 million compared to an adjusted net loss of $24.1 million last year. Loss per diluted share was $1.37 compared to a loss per diluted share of $1.40 last year. Adjusted (GAAP) loss per diluted share was $0.85 compared to $0.89 last year. LBIT was $42.7 million compared to $58 million in the last year. Adjusted LBIT was $29.8 million compared to $35.0 million last year. Net cash provided by operating activities was $75.4 million compared to $84.2 million in the last year. Additions to property, equipment and leasehold improvements were $38.6 million compared to $74.2 million in the last year.

For the fiscal year 2018, the company expected net sales between $1,610 million and $1,640 million. LBIT is expected to be between $29 million and $18 million. Net loss (GAAP) is expected to be between $38 million and $27 million. Loss per diluted share is expected to be between $1.35 and $0.95. Capital expenditures are expected to be of $30 million. It expects Depreciation and amortization between $55 million and $60 million and tax rate of 0%, which, when compared to 2017, is expected to negatively impact 2018 EPS by $0.36 to $0.52 per diluted share within the comparable sales and EBIT guidance ranges.