Stein Mart (SMRT) Reports Q4 Loss of $0.01/Share
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Stein Mart, Inc. Reports Fourth Quarter and Fiscal 2017 Results
March 14, 2018 4:10 PM EDTProvides First-Half Guidance
Q4 operating income of $4.1 million compared to operating loss of $8.1 million in 2016Q4 adjusted operating income of $7.3 million grew $14.3 million over 2016Q4 gross profit expanded 380 basis pointsYear-end borrowings $26 million lower than last yearJACKSONVILLE, Fla., March 14, 2018 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the fourth quarter and fiscal year ended February 3, 2018.
Operating income for the fourth quarter of 2017 was $4.1 million compared to an operating loss of $8.1 million in 2016. Fourth quarter results... More
