Stein Mart (SMRT) Reports Q2 Loss of $0.02

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Go back to Stein Mart (SMRT) Reports Q2 Loss of $0.02

Stein Mart, Inc. Reports Second Quarter 2018 Results

August 22, 2018 4:05 PM EDT

Gross Profit Rate Increase of 470 BPS Drives Turnaround

Operating income of $1.8 million compared to operating loss of $21.5 million for 2017Diluted loss per share of ($0.02) for 2018 compared to ($0.28) for 2017Projecting EBITDA in excess of $45 million for full year 2018

JACKSONVILLE, Fla., Aug. 22, 2018 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the second quarter ended August 4, 2018.

For the second quarter, operating income was $1.8 million for 2018 compared to an operating loss of $21.5 million for 2017. Net loss... More