Stage Stores Completes 3-for-2 Stock Split
22 Agosto 2005 - 12:00PM
Business Wire
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.
Grafico Azioni Stage Stores (NASDAQ:STGS)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Stage Stores (NASDAQ:STGS)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a Stage Stores (MM) (NASDAQ): 0 articoli recenti
Più Stage Stores, Inc. Articoli Notizie