Stein Mart, Inc. Reports First Quarter Fiscal 2017 Results

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Stein Mart (SMRT) Misses Q1 EPS by 7c, Comps fall 7.6%, Suspends Dividend

May 17, 2017 4:08 PM EDT

Stein Mart (NASDAQ: SMRT) reported Q1 EPS of $0.08, $0.07 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $337.3 million versus the consensus estimate of $355.57 million.

Comparable store sales decreased 7.6 percent primarily due to lower traffic

We continue to experience softer than planned store... More