Stein Mart (SMRT) Comps Rose 1.8% in Dec.

Stein Mart, Inc. (NASDAQ: SMRT) reported total sales for the five-week period ended January 2, 2016 of $198.3 million, a 4.7 percent increase over total sales of $189.5 million for the five-week period ended January 3, 2015. Comparable store sales for the five-week period ended January 2, 2016 increased 1.8 percent on top of a 5.8 percent comparable store sales increase last year.

Total sales of $1.29 billion for the forty-eight week period ended January 2, 2016 increased 3.4 percent from total sales of $1.25 billion for the forty-eight week period ended January 3, 2015. Comparable store sales for the forty-eight week period ended January 2, 2016 increased 1.2 percent from comparable store sales for the period ended January 3, 2015.

Geographically, sales were relatively consistent across regions. The Company operated 278 stores at the end of December this year compared to 270 stores last year.

You May Also Be Interested In

• Rapid Line sees stock surge with no known corporate cause
• BofA raises hyperscaler AI capex outlook to $3.6tn through 2028
• Merit Medical names new EVP of global operations as COO prepares to exit