-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NFKmZrdXPUzWsiiQCk/bGzdCRMegttQRrv9mNMa5Z4GoXSx6ZVHIDmu0ZcAxvFye HCq+zHomCKjC0jk2mdFVig== 0000006885-04-000034.txt : 20040511 0000006885-04-000034.hdr.sgml : 20040511 20040510173732 ACCESSION NUMBER: 0000006885-04-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040510 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STAGE STORES INC CENTRAL INDEX KEY: 0000006885 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 911826900 STATE OF INCORPORATION: NV FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14035 FILM NUMBER: 04794385 BUSINESS ADDRESS: STREET 1: 10201 MAIN ST CITY: HOUSTON STATE: TX ZIP: 77025 BUSINESS PHONE: 7136675601 MAIL ADDRESS: STREET 1: 10201 MAIN STREET CITY: HOUSTON STATE: TX ZIP: 77025 FORMER COMPANY: FORMER CONFORMED NAME: APPAREL RETAILERS INC DATE OF NAME CHANGE: 19930908 FORMER COMPANY: FORMER CONFORMED NAME: TEXTILE DISTRIBUTORS INC DATE OF NAME CHANGE: 19690521 8-K 1 cover_050604.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

 Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

May 6, 2004

(Date of Report, date of earliest event reported)

Stage Stores, Inc.

(Exact name of registrant as specified in its charter)

1-14035

(Commission File Number)

NEVADA

(State or other jurisdiction

of incorporation)

91-1826900

(I.R.S. Employer Identification No.)

10201 Main Street, Houston, Texas

(Address of principal executive offices)

77025

(Zip Code)

(713) 667-5601

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

ITEM 7. Financial Statements and Exhibits

    1. Financial statements of business acquired.
    2. Not applicable.

    3. Pro forma financial information.
    4. Not applicable.

    5. Exhibits.

99.1 News Release issued by Stage Stores, Inc. on May 6, 2004 reporting April 2004 sales and reaffirms first quarter earnings outlook.

ITEM 12. Results of Operations and Financial Condition

On May 6, 2004, Stage Stores, Inc. issued a news release announcing its sales for April 2004 and reaffirms first quarter earnings outlook.  A copy of the news release is attached to this Form 8-K as Exhibit 99.1.

This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

                                                                 

                                                                                                STAGE STORES, INC.

May 6, 2004                                                                           /s/ Michael E. McCreery                    

(Date)                                                                                      Michael E. McCreery

                                                                                                Executive Vice President and Chief

                                                                                                Financial Officer

 

 

 

 

 

 

EX-99.1 2 nr_050604.htm

Exhibit 99.1

NEWS RELEASE

CONTACT:

Bob Aronson
Vice President, Investor Relations
800-579-2302
(baronson@stagestores.com)

 

FOR IMMEDIATE RELEASE

STAGE STORES REPORTS APRIL SALES; REAFFIRMS 

FIRST QUARTER EARNINGS OUTLOOK

 

-- Comparable Store Sales Increase 0.3% --

HOUSTON, TX, May 6, 2004 - Stage Stores, Inc. (Nasdaq: STGS) today reported that total sales for the four-week period ended May 1, 2004 increased 40.0% to $91.7 million from $65.5 million in the prior year four-week period ended May 3, 2003. Comparable store sales increased 0.3% versus an increase of 4.3% last year. The Company noted that the increase in total sales resulted primarily from the inclusion of the Peebles stores in this year's results, as well from the sales generated by the 19 net new stores that have been added subsequent to April of last year.

The Company further reported that its accessories, cosmetics, footwear, men's, misses sportswear and special sizes departments led the way with comparable store sales increases during the month.

Jim Scarborough, Chairman, President and Chief Executive Officer, commented, "We were able to achieve a comparable store sales increase in April despite the fact that we were going up against our strongest monthly comparable store sales performance for all of last year. Additionally, I see our April sales performance as encouraging, since our comparable store sales results were impacted by a shorter pre-Easter shopping period this year, as Easter occurred on April 11th versus April 20th of last year."

 

--more--

Stage Stores Reports April Sales

Page - 2

SALES SUMMARY

Comparable Store Sales Trend

Total Sales

Fiscal Period

% Increase (Decrease)

($ in Millions)

2004

2003*

2004

2003

February

    8.0%

(8.1)%

$87.8

$59.5

March

5.5

       (13.9)

110.2

  73.0

April

0.3

          4.3

  91.7

  65.5

1st Quarter

   4.5%

(6.8)%

    $289.7

     $198.0

*2003 actual results are restated to include Peebles' comparable store sales.

For the first quarter, the Company reported that total sales increased by 46.3% to $289.7 million from $198.0 million last year, while comparable store sales increased by 4.5% versus a decrease of 6.8% for the prior year period. The Company noted that the increase in total sales resulted primarily from the inclusion of the Peebles stores in this year's results, as well from the sales generated by the 19 net new stores that have been added subsequent to the end of last year's first quarter.

The Company stated that it continues to expect to report earnings for the first quarter consistent with its prior guidance of between $0.87 and $0.93 per diluted share. The Company plans to release actual first quarter results on May 20th.

Stage Stores, Inc. brings nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 517 stores located in 27 states. The Company operates under the Stage, Bealls and Palais Royal names throughout the South Central states, and under the Peebles name throughout the Mid-Atlantic, Southeastern and Midwestern states. For more information about Stage Stores, visit the Company's web site at www.stagestoresinc.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including comments regarding the Company's outlook and expectations for the first quarter of the 2004 fiscal year. The Company intends forward looking terminology such as "believes", "expects", "may", "will", "should", "anticipates", "plans" or similar expressions to identify forward-looking statements. Such statements are subject to certain risks and uncertainties which could cause the Company's actual results to differ materially from those anticipated by the

 

--more--

Stage Stores Reports April Sales

Page - 3

forward-looking statements. These risks and uncertainties include, but are not limited to, those described in the Company's Annual Report on Form 10-K as filed with the Securities and Exchange Commission (the "SEC") on April 15, 2004, in the Company's Quarterly Reports on Form 10-Q as filed with the SEC and other factors as may periodically be described in other Company filings with the SEC.

 

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