Stein Mart (SMRT) Misses Q3 EPS by 9c; Updates FY16 Outlook

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Stein Mart, Inc. Reports Third Quarter Fiscal 2016 Results

November 17, 2016 7:30 AM EST

JACKSONVILLE, Fla., Nov. 17, 2016 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the third quarter ended October 29, 2016.

Third Quarter Highlights

Total sales decreased 0.4 percent and comparable store sales decreased 4.6 percentDiluted loss per share of $0.24 compared to $0.01 loss in 2015Eight new stores opened this quarter to complete 2016 plan for 290 stores at year-end

Net loss for the third quarter was $11.0... More