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Stage Stores’ Q3 Was A Blast, Its Outlook Is Rapidly Improving

November 22nd, 2019 · No Comments

  • 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.

Source: Stage Stores’ Q3 Was A Blast, Its Outlook Is Rapidly Improving – Stage Stores, Inc. (NYSE:SSI) | Seeking Alpha

Tags: SSI