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Stage Stores fiscal Q1 loss widens YOY

4087748 said its normalized net income for the fiscal first quarter ended May 3 came to a loss of $12.3 million, compared with a loss of $111,880 in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin dropped to negative 3.3% from negative 0.0% in the year-earlier period.

Total revenue came to $372.0 million, compared with $372.1 million in the prior-year period, and total operating expenses grew 5.2% year over year to $391.0 million from $371.7 million.

eported net income totaled a loss of $12.0 million, or a loss of 38 cents per share, compared to a loss of $6.1 million, or a loss of 19 cents per share, in the year-earlier period.Stage Stores Inc.

4087748 said its normalized net income for the fiscal first quarter ended May 3 came to a loss of $12.3 million, compared with a loss of $111,880 in the prior-year period.