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Stage Stores fiscal Q3 loss narrows YOY

Stage Stores Inc. said its normalized net income for the fiscal third quarter ended Nov. 1 came to a loss of 16 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 20 cents per share.

The per-share loss narrowed 24.0% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $5.2 million, compared with a loss of $6.8 million in the prior-year period.

The normalized profit margin increased to negative 1.4% from negative 1.9% in the year-earlier period.

Total revenue increased year over year to $364.2 million from $354.9 million, and total operating expenses rose on an annual basis to $371.7 million from $365.1 million.

Reported net income totaled a loss of $5.1 million, or a loss of 16 cents per share, compared to a loss of $9.6 million, or a loss of 30 cents per share, in the prior-year period.