Stage Stores Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 30, 2016. For the second quarter, comparable sales decreased 9.8%. Total sales decreased 11.2% to $338.4 million, as compared to $380.9 million in the prior year. Net income was $0.04 million, or $0.00 per diluted share, against $0.05 per diluted share for the prior year. On an adjusted basis, net income was $0.8 million, or $0.03 per diluted share against $6.994 million or $0.22 per diluted share in the prior year. Loss before income tax was $0.990 million against income before income tax of $2.570 million a year ago. Capital expenditures for the quarter, net of landlord construction allowances, totaled $22.5 million.

For the six months, the company reported net sales of $671.135 million against $750.229 million a year ago. Loss before income tax was $25.176 million against $11.555 million a year ago. Net loss was $15.419 million or $0.57 per diluted share against $7.022 million or $0.22 per diluted share a year ago. Net cash provided by operating activities was $29.719 million against $13.105 million a year ago. Additions to property, equipment and leasehold improvements were $57.677 million against $35.572 million a year ago. Adjusted net loss was $14.284 million or $0.53 per diluted share against $1.275 million or $0.04 per diluted share a year ago.

The company affirmed its fiscal year 2017 guidance of comparable sales of negative 6% to negative 4% and adjusted earnings per diluted share of $0.20 to $0.40. Capital expenditures in 2016, net of construction allowances from landlords, are expected to be approximately $65 million, compared to $87 million in fiscal 2016.