Stage Stores net sales jump 7% to record level of $310.1mn in Q1
19 May '05
5 min read
Store Activity
The Company further reported that it opened ten new stores during the quarter, including one Bealls store, two Stage stores, and seven Peebles stores. The Company also reported that it relocated five stores to better locations, expanded one store and closed two stores during the quarter. The Company added that it plans to open seven new stores during the second quarter and currently anticipates opening a total of thirty five to forty new stores during the fiscal year.
Fiscal 2005 - Second Quarter and Full Year Outlook
Fiscal 2005 - 2nd Quarter:
For the second quarter ending July 30, 2005, the Company currently anticipates reporting revenues in the range of $298 to $304 million, with the expectation of a comparable store sales increase in the mid single digits. Net income is currently projected to be in the range of $5.2 to $6.0 million, or earnings of $0.26 to $0.30 per diluted share. This outlook compares to earnings of $5.4 million, or $0.27 per diluted share, for the prior year second quarter. In projecting diluted earnings per share for the fiscal 2005 second quarter, the Company used an estimated diluted share count of 19.8 million shares.
Fiscal 2005 - Full Year:
Updating its outlook for the 2005 fiscal year ending January 28, 2006, to include actual first quarter results, the Company currently anticipates reporting revenues in the range of $1.320 to $1.340 billion, with the expectation of a comparablCompany used an estimated diluted share count of 19.8 million shares.
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