Company profile

Ticker
SSI
Exchange
CEO
Michael L. Glazer
Employees
Incorporated in
Location
Fiscal year end
Former names
Apparel Retailers Inc
SEC CIK
IRS number
911826900

SSI stock data

(
)

Calendar

13 Jun 19
25 Aug 19
1 Feb 20

News

Company financial data Financial data

Quarter (USD) May 19 Feb 19 Nov 18 Aug 18
Revenue 340.83M 537.72M 360.42M 383.6M
Net income -47.49M -7.76M -31.35M -16.92M
Diluted EPS -1.67 -0.28 -1.11 -0.6
Net profit margin -13.93% -1.44% -8.70% -4.41%
Net change in cash 6.96M -10M -748K -2.52M
Cash on hand 22.79M 15.83M 25.83M 26.57M
Cost of revenue 277.6M 403.66M 278.67M 286.81M
Annual (USD) Feb 19 Jan 17 Jan 16 Jan 15
Revenue 1.64B
Net income -87.71M -37.9M 3.78M 30.85M
Diluted EPS -3.13 -1.4 0.12 0.96
Net profit margin -5.34%
Net change in cash 2.03M -2.68M -678K
Cash on hand 15.83M 13.8M 16.49M 17.17M
Cost of revenue 1.25B 1.14B 1.21B 1.19B

Financial data from company earnings reports

Financial report summary

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Risks
  • We face significant competition from other retailers, which may adversely affect our sales and profitability
  • If we are unable to successfully execute our strategies, our operating performance may be significantly impacted.
  • Our failure to anticipate and respond to changing guest preferences in a timely manner may adversely affect our operations.
  • Failure to successfully grow our Gordmans off-price business as planned may adversely affect our results of operations and financial condition.
  • Our failure to attract, develop and retain qualified employees may negatively impact the results of our operations.
  • Risks associated with our vendors from whom our products are sourced may have a material adverse effect on our business and financial condition.
  • Risks associated with our carriers, shippers and other providers of merchandise transportation services may have a material adverse effect on our business and financial condition.
  • Failure to obtain merchandise product on normal trade terms may adversely impact our business, financial condition and cash flows.
  • There can be no assurance that our liquidity will not be affected by changes in macroeconomic conditions.
  • The Credit Facility contains covenants that may impose operating restrictions and limits our borrowing capacity to the value of certain of our assets.
  • The inability or unwillingness of one or more lenders to fund their commitment under the Credit Facility may have a material adverse impact on our business and financial condition.
  • Our dependence upon cash flows and net earnings generated during the fourth quarter, including the holiday season, may have a disproportionate impact on our results of operations.
  • Changes in our private label credit card program may adversely affect our sales and/or profitability.
  • Unexpected costs may arise from our current insurance program and our financial performance may be affected.
  • An economic downturn or decline in consumer confidence may negatively impact our business and financial condition
  • We are subject to payment-related risks that may increase our operating costs, expose us to fraud or theft, subject us to potential liability and potentially disrupt our business.
  • Unusual weather patterns or natural disasters may negatively impact our financial condition.
  • An event adversely affecting any of our buying, distribution or other corporate facilities may result in reduced revenues
  • War, acts of terrorism, Mexican border violence, public health issues and natural disasters may create uncertainty and may result in reduced revenues
  • The price of our common stock as traded on the New York Stock Exchange may be volatile.
  • If we cannot meet the NYSE’s continued listing requirements, the NYSE may delist our common stock.
  • Changes in the regulatory or administrative landscape could adversely affect our financial condition and results of operations.
  • Our business may be materially and adversely affected by changes to fiscal and tax policies.
  • We may be subject to periodic litigation and regulatory proceedings which may adversely affect our business and financial performance.
  • If our trademarks are successfully challenged, the outcome of those disputes may require us to abandon one or more of our trademarks
  • A disruption of our information technology systems may have a material adverse impact on our business and financial condition.
  • A security breach that results in unauthorized disclosure of guest, employee, vendor or our company information may adversely impact our business, reputation and financial condition.
Management Discussion
  • Our strategy is centered on growing our off-price stores, emphasizing merchandise categories that are trending to drive sales in both our off-price and department stores, and exiting underperforming department stores. Sales early in the first quarter 2019 were negatively impacted by expected disruptions related to the rollout of our strategic initiatives, which included temporary store closures associated with the conversion of 37 department stores to off-price and the home department expansion in our department stores. Sales benefited later in the quarter as these initiatives began to take hold. We expect these initiatives to positively impact our sales going forward and to contribute to positive comparable sales for the year.
Content analysis ?
Positive
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