-----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, TcM6ctFFDWT1lecMdS+rdjL/sGOPIpek/iFt+yhWb8gDkRr7kJ3+djcI8jWXAdoS cAjrnHPZ2Mrr4d/lvqQlfw== 0000006885-04-000052.txt : 20040806 0000006885-04-000052.hdr.sgml : 20040806 20040806130639 ACCESSION NUMBER: 0000006885-04-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040806 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040806 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: 04957101 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_080504.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

August 5, 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 August 5, 2004 reporting July 2004 sales and reaffirming second quarter earnings outlook.

ITEM 12. Results of Operations and Financial Condition

On August 5, 2004, Stage Stores, Inc. issued a news release reporting its sales for July 2004 and reaffirming second 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.

August 6, 2004                                                                         /s/ Michael E. McCreery                    

(Date)                                                                                      Michael E. McCreery

                                                                                                Executive Vice President and Chief

                                                                                                Financial Officer

 

 

 

 

 

 

EX-99.1 2 nr_080504.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 JULY SALES; REAFFIRMS SECOND QUARTER EARNINGS OUTLOOK

HOUSTON, TX, August 5, 2004 - Stage Stores, Inc. (Nasdaq: STGS) today reported that total sales for the four-week period ended July 31, 2004 increased 26.5% to $89.2 million versus $70.5 million for the prior year four-week period ended August 2, 2003. 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 14 net new stores that have been added subsequent to July of last year. Comparable store sales decreased 7.8% versus an increase of 0.9% last year. The Company stated that its comparable store sales results reflect the negative impact of the calendar shift in the Texas sales tax holiday weekend.

Jim Scarborough, Chairman, President and Chief Executive Officer, commented, "As we anticipated and have previously discussed, our sales results for July were negatively impacted by the calendar shift in the Texas sales tax holiday weekend, which occurred during August 1st through August 3rd last year versus August 6th through August 8th for this year. Because of the calendar shift, none of the days of this event fell in this year's July period. This is a significant event for our company given that approximately 50% of our revenue is generated by our Texas-based stores."

Mr. Scarborough concluded, "Our comparable store sales for the month were actually positive 1.4% through Thursday, July 29th, which was the last day of the period in which a meaningful year-over-year comparison could be made. Due to the shift in the timing of this year's tax free sales event, our comparable store sales for Friday, July 30th and Saturday, July 31st were approximately $8.2 million below the same two days of last year, which created our overall comparable store sales decline for the month. Looking ahead, this calendar shift will obviously benefit the August and third quarter periods versus last year."

 

--more--

Stage Stores Reports July Sales

Page - 2

 

SALES SUMMARY

Comparable Store Sales Trend

Total Sales

Fiscal Period

% Increase (Decrease)

($ in Millions)

2004

2003*

2004

2003

1st Quarter

    4.5%

   (6.8)%

$289.7

$198.0

May

1.0

(5.4)

   90.6

    65.0

June

(2.5)

(2.7)

 100.1

    72.2

July

(7.8)

0.9

   89.2

    70.5

2nd Quarter

(3.2)

(2.4)

 279.9

  207.7

Year-To-Date

0.6

(4.6)

 569.6

  405.7

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

For the second quarter ended July 31, 2004, the Company reported that total sales increased 34.8% to $279.9 million from $207.7 million 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 14 net new stores that have been added subsequent to the end of last year's second quarter. Comparable store sales, primarily reflecting the effect of unseasonably cool and wet weather in June and the impact on July from the calendar shift in the Texas sales tax holiday weekend, decreased 3.2% versus a decrease of 2.4% for the prior year period.

The Company stated that it continues to expect to report earnings for the second quarter consistent with its prior guidance of between $0.28 and $0.34 per diluted share. The Company plans to release its actual second quarter results before the market opens on August 19th.

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 516 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.

 

--more--

 

Stage Stores Reports July Sales

Page - 3

 

 

"Safe Harbor" Statement

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including comments regarding the Company's belief that the shift in the Texas sales tax holiday weekend will benefit the August and third quarter periods, as well as the Company's outlook and expectations for the second quarter of the 2004 fiscal year. The Company intends forward looking terminology such as "believes", "expects", "may", "will", "should", "could", "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 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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