Stage Stores Q2 FY'13 sales up 3.6%

The Company revised its comparable store sales guidance range for the full year to an increase of 0.6% to 1.6%, which assumes comps of zero to 2.0% for the second half of the year.

The Company also revised its adjusted EPS guidance range for the year, excluding one-time items, to $1.30 - $1.40 from $1.45 - $1.55 previously. The one-time items are associated with the consolidation of the Company’s South Hill operations into its Houston headquarters and are estimated to be approximately $21.7 million, or $0.41 per diluted share, for the year.

Stage Stores