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

12 Sep 19
17 Oct 19
1 Feb 20

News

Company financial data Financial data

Quarter (USD) Aug 19 May 19 Feb 19 Nov 18
Revenue 381.85M 340.83M 537.72M 360.42M
Net income -23.93M -47.49M -7.76M -31.35M
Diluted EPS -0.83 -1.67 -0.28 -1.11
Net profit margin -6.27% -13.93% -1.44% -8.70%
Net change in cash 2.63M 6.96M -10M -748K
Cash on hand 25.42M 22.79M 15.83M 25.83M
Cost of revenue 295.2M 277.6M 403.66M 278.67M
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
  • For 2019, we are focused on growing our off-price stores, emphasizing trending merchandise to drive sales, and exiting underperforming department stores. Our off-price store conversions and expansion of the home category within our department stores during the current year contributed to the 1.8% increase in comparable sales for the second quarter 2019. We expect these initiatives, along with additional off-price store conversions scheduled for the second half of the year, to generate positive comparable sales for 2019.
Content analysis ?
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