Stein Mart (SMRT) Tops Q1 EPS by 4c; Comps Fell 3.4%

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Go back to Stein Mart (SMRT) Tops Q1 EPS by 4c; Comps Fell 3.4%

Stein Mart, Inc. Reports First Quarter Fiscal 2016 Results

May 19, 2016 7:30 AM EDT

JACKSONVILLE, Fla., May 19, 2016 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the first quarter ended April 30, 2016.

First Quarter Highlights

Diluted earnings per share of $0.30 compared to $0.29 in 2015Total sales increased 0.6 percent and comparable store sales decreased 3.4 percent2016 store opening plan increased to 13 new stores

We were able to deliver higher first quarter earnings by maintaining our gross profit rate and... More