Stage Stores, Inc. total sales for the four week period ended July 30, 2011 increased 2.2% to $102 million from $100 million in the prior year four week period ended July 31, 2010.
Comparable store sales for the same period increased 0.8%.
Merchandise categories which achieved comparable store sales increases during July were childrens, cosmetics, footwear, home & gifts, juniors and swimwear. Geographically, the Midwest, Southeast and Southwest regions had comparable store sales gains during the month.
For the second quarter, the company reported that total sales increased 2.3% to $353 million from $345 million last year. Comparable store sales for the quarter increased 0.9%.
SALES SUMMARY | ||||||||
Comparable Store Sales | Total Sales | |||||||
% Increase (Decrease) | ($ in Millions) | |||||||
Fiscal Period | 2011 | 2010 | 2011 | 2010 | ||||
1st Quarter | 0.2 | (0.6) | 346 | 340 | ||||
May | 0.0 | (2.9) | 117 | 116 | ||||
June | 1.8 | (1.2) | 134 | 129 | ||||
July | 0.8 | (0.6) | 102 | 100 | ||||
2nd Quarter | 0.9 | (1.6) | 353 | 345 | ||||
Year-To-Date (6 Mos) | 0.5 | (1.1) | 699 | 685 |
Andy Hall, President and Chief Executive Officer, commented, Our new and rebranded stores continued to perform well during the second quarter, and helped drive our 2.3% sales increase. We were also pleased with the continuing growth of our eCommerce business throughout the quarter. We expect to achieve the low end of our earnings guidance range for the second quarter, and we feel good about our inventory investment and content as we enter the important back-to-school shopping period.