Stein Mart (SMRT) Reports Q4 EPS of $0.07

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Go back to Stein Mart (SMRT) Reports Q4 EPS of $0.07

Stein Mart, Inc. Reports Fourth Quarter and Fiscal 2018 Results

March 13, 2019 4:05 PM EDT

FY2018 gross profit increased 180 basis pointsFY2018 SG&A expenses decreased $28.1 millionOperating income improved $36.1 million to $4.9 million in 2018

JACKSONVILLE, Fla., March 13, 2019 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the fourth quarter and fiscal year ended February 2, 2019.

Operating income for the fourth quarter was $6.6 million in 2018 compared to $4.1 million in 2017. Adjusted operating income for the fourth quarter was $5.6 million in 2018 and $6.9 million in 2017 (see Note 1). Operating income for the year was $4.9 million in 2018 compared to an operating loss of... More