Stein Mart (SMRT) Misses Q4 EPS by 6c

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Stein Mart, Inc. Reports Fourth Quarter and Fiscal 2016 Results

March 8, 2017 7:30 AM EST

JACKSONVILLE, Fla., March 08, 2017 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the fourth quarter and fiscal year ended January 28, 2017.

Highlights

Full year total sales flat to last year and comparable store sales decreased 3.8 percentFull year diluted earnings per share of $0.01 compared to $0.51 in 2015

Net loss for the fourth quarter was $4.9 million or $0.11 per diluted share compared to net income of $6.3 million or $0.13 per diluted share in... More