Stage Stores, Inc Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 3, 2018; Provides Earnings Guidance for the Year 2018
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.