- The economics of store closures and conversions to the off-price format are even considerably better than management assumed only a quarter ago.
- These are now projected to provide $35M in cash flow this year, reducing the risk of bankruptcy and setting in motion a virtuous deleverage cycle.
- With most of the store closures and conversions scheduled for next year, further improvements are to be expected.
- We think there is further significant upside in the share price on improving economics and debt deleverage.
Stage Stores’ Q3 Was A Blast, Its Outlook Is Rapidly Improving
November 22nd, 2019 · No Comments