Fashion retailer Stage Stores comp store sales drop
10 May '07
3 min read
"Based on these factors, we now expect that our earnings for the first quarter will be in a range of $0.19 to $0.20 per diluted share versus our original forecast for the quarter of $0.31 to $0.35 per diluted share. We expect to make up some of our first quarter earnings shortfall in the remaining three quarters of the year, and we will provide an updated full year sales and earnings outlook when we announce our first quarter results on May 24th.”
The Company plans to report its first quarter results before the market opens on Thursday, May 24, 2007, and will hold a conference call and webcast the same day beginning at 8:30 a.m. Eastern Time.
Store Activity: During April, the Company opened seven new stores. Peebles stores were opened in Mt. Pleasant, Iowa, Leitchfield, Kentucky, Millington and Covington, Tennessee, and Corry, Pennsylvania. In addition, a Palais Royal store was opened in Crosby, Texas and a Stage store was opened in West Memphis, Arkansas.
These seven April openings brought the total number of stores opened during the first quarter to twelve. Looking ahead, the Company plans to open an additional three new stores in the second quarter. For the entire 2007 fiscal year, the Company currently anticipates opening 45 new stores and entering one new state.
marketing@alchempro.com
