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Stage Stores profit misses consensus by 31.2% in fiscal Q2

Stage Stores Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 amounted to 36 cents per share, compared with the S&P Capital IQ consensus estimate of 52 cents per share.

EPS declined 20.2% year over year from 45 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.4 million, a decline of 23.2% from $14.8 million in the prior-year period.

The normalized profit margin fell to 3.0% from 3.8% in the year-earlier period.

Total revenue fell on an annual basis to $377.4 million from $390.0 million, and total operating expenses fell from the prior-year period to $358.4 million from $365.5 million.

Reported net income grew from the prior-year period to $11.1 million, or 35 cents per share, from $10.7 million, or 32 cents per share.