Stein Mart (SMRT) Tops Q3 EPS by 1c

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Stein Mart, Inc. Reports Third Quarter 2014 Results

November 20, 2014 8:00 AM EST

Third Quarter Highlights

Total sales increased 4.5 percent and comparable store sales, 3.1 percent. Adjusted diluted earnings per share of $0.02 improved from last year's adjusted $0.01 diluted loss per share. 2015 store opening plans include at least ten new stores.

JACKSONVILLE, Fla., Nov. 20, 2014 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq: SMRT) today announced financial results for the third quarter ended November 1, 2014.

Overview of Results

The net loss for the third quarter was $1.2 million or $0.03 loss per diluted share compared to net... More