Stein Mart (SMRT) Reports Q3 Loss of $0.36/Shre

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Go back to Stein Mart (SMRT) Reports Q3 Loss of $0.36/Shre

Stein Mart, Inc. Reports Third Quarter 2018 Results

November 27, 2018 4:05 PM EST

Comparable sales increased 1.4 percentOperating loss improved by more than $10 million from 2017Expecting higher fourth quarter operating income driven by gross profit expansion and lower expensesYear-to-date adjusted EBITDA increased $33 million

JACKSONVILLE, Fla., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the third quarter ended November 3, 2018.

Operating loss for the third quarter was $13.4 million for 2018 compared to an operating loss of $23.9 million for 2017. Third quarter 2018 results include advisory fees related to the... More