Stage stores the company's net income fell by 18% in the second fiscal quarter, department store operators downgraded forecasts this year, part of its business in a less than endure profit promotion and sales.
In Houston, said on Thursday it earned $9.6 million, or 29 cents per share, quarter, as of August 3. , comparing the same period of last year's profit of $11.7 million, or 37 cents a share.
Profit excluding tied to consolidate its southern Virginia hills, cost, and the total business for 41 cents per share. Revenue rose more than $395300000, 3%.
Missed Wall Street expectations. Analysts predict that the average of 46 cents per share on $402400000 in revenue, profit, according to FactSet.
Most of the first stage operation department store in small and medium-sized community under several names, including Bealls, guti and Peebles. It has 872 stores in 40 states. Company in southern Virginia mountain, there is also a procurement office, it said, the company headquarters in February after the operation.
The company said on Thursday that sales back to the school to help their business toward the end of the quarter, but it also saw the shortage of nanshan store sales.
"Although the merge operation parts has been completed, in stores goods assortment of alignment is longer than expected," chief executive Michael glazer said in a statement.
From the company of the man's income, the child's junior high school, cosmetics stores rising and footwear products.
Stage has seen sales, general and administrative expenses rose nearly 5% to $99300000.
The company now expects fiscal 2013 adjusted eps of $1.30, to $1.40 a share, from a previous forecast of $1.45 to $1.55 a share of the profits.
Analysts expect the average earnings of $1.47 a share.
Shares phase closed at $21.29 on Wednesday, has fallen by 14%, so far this year.



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