Stage Stores (NASDAQ:STGS)
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Stage Stores, Inc. (Nasdaq:STGS) today reported that its
previously announced 3-for-2-stock split dividend was paid on August
19, 2005. Holders of record of the Company's common stock as of the
close of business on August 4, 2005 received one additional share of
common stock for every two shares owned. Fractional shares resulting
from the stock split were paid in cash in lieu of shares. As a result
of the split, there are approximately 27.3 million shares of the
Company's common stock outstanding.
The Company stated that, effective August 22nd, its stock price as
quoted on Nasdaq will be adjusted for the split. Going forward, the
Company will issue its financial information and earnings guidance on
a post-split basis. The Company noted that, on a post-split basis, its
current earnings outlook is $0.31 to $0.34 per diluted share for the
third quarter, $0.66 to $0.69 per diluted share for the fourth quarter
and $1.87 to $1.93 per diluted share for the 2005 fiscal year. These
projections compare to fiscal 2004 third quarter, fourth quarter and
full year earnings, adjusted for the split, of $0.30, $0.62 and $1.72,
respectively.
For reference purposes, the following table details the impact on
the Company's diluted share count and diluted earnings per share for
the historical periods indicated:
-0-
*T
Diluted Share Count (mm) Diluted Earnings Per Share
--------------------------- ---------------------------
Fiscal Period Pre-Split Post-Split Pre-Split Post-Split
-------------- ------------- ------------- ------------- -------------
1Q 2004 20.8 31.2 $0.89 $0.59
2Q 2004 20.0 30.0 0.27 0.18
3Q 2004 19.5 29.2 0.46 0.30
4Q 2004 19.9 29.8 0.94 0.62
FY 2004 19.9 29.8 2.58 1.72
1Q 2005 20.0 30.0 1.03 0.68
2Q 2005 19.9 29.8 0.33 0.22
*T
Stage Stores, Inc. brings nationally recognized brand name
apparel, accessories, cosmetics and footwear for the entire family to
small and mid-size towns and communities through 545 stores located in
30 states. The Company operates under the Bealls, Palais Royal and
Stage names throughout the South Central states, and under the Peebles
name throughout the Mid-Atlantic, Southeastern and Midwestern states.
For more information about Stage Stores, visit the Company's web site
at www.stagestores.com.