By  on May 17, 2013

Stage Stores Inc. called out the unseasonably cold weather and hefty charges it incurred from consolidating facilities for its wider-than-expected first-quarter loss Friday morning.
 
The department store lost $6.9 million, or 21 cents a diluted share in the quarter ended May 4, compared with a year-ago loss of $418,000, or a penny a share.
 
Stripping out charges related to consolidation, Stage logged a two-cent a share loss, which fell short of analysts’ expectations of a nine-cent profit for the quarter.

 

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