Stein Mart (SMRT) Misses Q2 EPS by 11c
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Stein Mart, Inc. Reports Second Quarter Fiscal 2017 Results
August 16, 2017 4:05 PM EDTJACKSONVILLE, Fla., Aug. 16, 2017 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the second quarter ended July 29, 2017.
Highlights
Total sales decreased 2.7 percent and comparable store sales decreased 5.0 percentDiluted loss per share of $0.28 compared to diluted earnings per share of $0.06 in 2016Average store inventories 15 percent lower than last years second quarterNet loss for the second quarter was $13.0 million or $0.28 per diluted share compared to net income of $3.0 million or $0.06 per diluted share in... More
