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

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

Stein Mart, Inc. Reports First Quarter Fiscal 2017 Results

May 17, 2017 4:05 PM EDT

JACKSONVILLE, Fla., May 17, 2017 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the first quarter ended April 29, 2017.

Highlights

Total sales decreased 5.2 percent and comparable store sales decreased 7.6 percentDiluted earnings per share of $0.08 compared to $0.29 in 2016Solidifying financial position by suspending quarterly dividend and reducing capital expenditures

Net income for the first quarter was $3.7 million or $0.08 per diluted share compared to net income of... More