Stein Mart (SMRT) Reports Q4 EPS of $0.07

Stein Mart (NASDAQ: SMRT) reported Q4 EPS of $0.07, versus $0.08 reported last year. Revenue for the quarter came in at $340.8 million, versus $384.9 million reported last year.

2019 OutlookWe expect the following factors to influence our business in 2019:

• We anticipate flat to low single-digit increases in comparable sales
• We expect to maintain our improved 2018 gross profit rate with leverage of occupancy costs, offset by higher Ecommerce fulfillment costs
• SG&A expenses are expected to be about the same as in 2018
• Interest expense is estimated to be approximately $1.5 million lower

For earnings history and earnings-related data on Stein Mart (SMRT) click here.

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