Stein Mart (SMRT) May Comps Rose 1.9%

Stein Mart (NASDAQ: SMRT) reported total sales for the four-week period ended May 30, 2015 of $113.3 million, a 3.3 percent increase over total sales of $109.6 million for the four-week period ended May 31, 2014. Comparable store sales for the four-week period ended May 30, 2015 increased 1.9 percent from May 2014.

Total sales of $466.8 million for the seventeen-week period ended May 30, 2015 increased 6.4 percent from total sales of $438.5 million for the seventeen-week period ended May 31, 2014. Comparable store sales for the seventeen-week period ended May 30, 2015 increased 4.1 percent from comparable store sales for the period ended May 31, 2014.

Geographically, Florida and the Mid-Atlantic states had the strongest sales in May, while California and Texas, which hold 25 percent of our stores, had sales decreases. In California, cooler weather severely impacted traffic. Record rainfall and flooding unfavorably impacted sales in our major Texas markets.

The Company operated 270 stores at the end of May this year compared to 265 stores last year.

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