Stage Feels Weather, But Not Oil, Pressure

WWD

Challenging weather conditions have proved more of a challenge for Stage Stores Inc. in the early days of the first quarter than unsettling conditions in the oil market.

Stage, which operates department stores in small and medium-sized markets under brands such as Bealls, Palais Royal, Stage and Goody’s in markets throughout Texas and the Southeast, Tuesday surpassed analysts’ consensus estimates for fourth-quarter earnings but fell short of revenue estimates and expectations for both earnings and sales for 2015.

Michael Glazer, president and chief executive officer of the firm, told analysts on a morning conference call, “Frankly, the weather patterns in February had more of an impact than any oil influence.”

But he expressed concerns that the declines in the crude oil markets could damage the economies of states served by the chain, including Texas, Oklahoma and Louisiana “where we have a significant number of stores.”

“I know there’s been a…

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