Stein Mart (SMRT) Misses Q2 EPS by 1c; Updates FY16 Outlook
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Stein Mart, Inc. Reports Second Quarter Fiscal 2016 Results
August 19, 2016 7:30 AM EDTJACKSONVILLE, Fla., Aug. 19, 2016 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the second quarter ended July 30, 2016.
Second Quarter Highlights
Diluted earnings per share of $0.06 compared to $0.09 in 2015Total sales increased 2.6 percent and comparable store sales decreased 1.4 percentEight new stores opening this fall will complete the 2016 plan for 13 storesNet income for the second quarter was $3.0 million or $0.06 per diluted share... More
