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STAGE STORES INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2019 10-Q, filed Dec 12, 2019. Its latest SEC filing is a SC 13G/A from Jun 10, 2020.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells moderately priced, branded apparel, accessories and home goods to shoppers through specialty department stores, off-price stores and an online shop.

How Did They Make Money?

Shoppers pay for merchandise when they buy it in a store or receive delivery of an online order. The company also receives a monthly payment from its credit-card partner and may earn an annual bonus based on the card portfolio.

FY2018 revenue

Who Were Their Customers?

Shoppers buy directly in the company’s department and off-price stores or through its e-commerce website; online orders can also be picked up at a local store.

Did Revenues Turn Into Profits?

No. It lost $87.7M in FY2018.

Operating income, FY2018
−4% of revenue
▼ −40% (Loss) vs FY2017 (−$101.6M, −6%)
Net income, FY2018
−5% of revenue
▲ +135% (Loss) vs FY2017 (−$37.3M, −2%)
Free cash flow, FY2018
−5% of revenue
▼ Now a loss vs FY2017 ($36.8M, 2%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q3 FY2019, the three months to Nov 2, 2019
Revenue
▲ +15%
vs $360.4M in Q3 FY2018
Net income
▼ −49% (Loss)
vs −$31.4M in Q3 FY2018
  • May 12, 2020 Filed for Chapter 11 and began winding down operations It will solicit bids for the business or assets; the NYSE suspended share trading, and CFO Jason Curtis was set to leave effective May 22.

Held flat. Revenue was $1.6B in FY2018, about the same as the $1.6B of FY2014.

Off-price expansion The earlier report described a department-store business after it divested its Steele’s off-price concept. The latest report also describes Gordmans off-price stores and a plan to convert department stores to that format.

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