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Stein Mart Inc (SMRT.OQ)

SMRT.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Stein Mart Qtrly loss per share $0.11
Wednesday, 8 Mar 2017 07:30am EST 

Stein Mart Inc : Stein Mart, Inc. Reports fourth quarter and fiscal 2016 results . Q4 sales $385.5 million . Q4 same store sales fell 5.5 percent . Qtrly loss per share $0.11 . Stein Mart Inc - plan to close five stores and relocate one in 2017 . Stein Mart Inc- capital expenditures for 2017 are expected to be approximately $32 million, or $29 million net of tenant improvement allowances . Stein Mart Inc - expect 2017 gross profit rate to approach fiscal 2015 rate .Sees 2017 net new stores should increase sales at least four percent above comparable store sales increases for year.  Full Article

Stein Mart reports Q3 loss per share $0.24
Thursday, 17 Nov 2016 07:30am EST 

Stein Mart Inc - : Expect full year gross profit rate to be lower than in 2015. . Sees SG&A expenses for full year to be slightly lower than previous estimate of $360 million . Stein Mart Inc-"challenging retail environment will likely continue to drive higher markdowns" . We now expect our full year 2016 gross profit rate to be lower than in 2015 . Reports third quarter fiscal 2016 results . Q3 sales $299.5 million versus I/B/E/S view $304.1 million . Q3 earnings per share view $-0.15 -- Thomson Reuters I/B/E/S . Q3 loss per share $0.24 .Q3 same store sales fell 4.6 percent.  Full Article

Stein Mart announces CEO change
Thursday, 29 Sep 2016 07:30am EDT 

Stein Mart Inc : Stein Mart announces CEO change . Company will initiate a search for a new Chief Merchandising Officer . Comparable store sales for Q3 have decreased approximately 4 percent through September 27 . Dawn Robertson has tendered her resignation as Chief Executive Officer and as a director . D. Hunt hawkins, Stein Mart's president and Chief Operating Officer, has been named interim CEO . Sales results have "improved somewhat" in September after a challenging start and several missteps in August . Q3 will include an approximate $1.6 million charge in connection with Robertson's departure .With sales lower than anticipated, Q3 gross profit rate could be approximately 150 basis points lower.  Full Article

Stein Mart Q2 earnings per share $0.06
Friday, 19 Aug 2016 07:30am EDT 

Stein Mart Inc : Q2 earnings per share $0.06 . Q2 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . Q2 sales $319.8 million versus I/B/E/S view $324.6 million . Q2 same store sales fell 1.4 percent . Quarterly diluted earnings per share of $0.06 . Says updated its full year 2016 outlook . Inventories were $280 million at end of Q2 of 2016 compared to $277 million at same time last year . Stein Mart Inc says continue to expect that new stores will increase sales an estimated 4 percent above comparable store sales results for full year . Now forecasting SG&A expenses for full year to be about $360 million compared to $370 million previously estimated .Says expect 2016 gross profit rate to be 50 basis points higher than in 2015.  Full Article

Lingerfelt Commonwealth Realty Partners LLC buys Stein Mart building in Jacksonville for $23.6 million
Tuesday, 26 Jul 2016 08:23am EDT 

Stein Mart Inc :Acquisition of Stein Mart building in downtown Jacksonville, florida for a purchase price of $23.6 million.  Full Article

Stein Mart revises preliminary Q1 2016 earnings results
Tuesday, 7 Jun 2016 07:30am EDT 

Stein Mart Inc : Stein Mart, Inc. revises preliminary first quarter 2016 earnings results . Q1 earnings per share $0.29 . Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S . Revision in Q1 results was required to record additional accruals for actual and anticipated legal settlements . Revision increases q1 selling, general and administrative (SG&A) expenses by $675,000 .SG&A expenses for Q1 of 2016 now include $1.4 million of expense for actual and anticipated legal settlements.  Full Article

Stein Mart Q1 earnings per share $0.01
Tuesday, 7 Jun 2016 07:30am EDT 

Stein Mart Inc : Revision in Q1 results was required to record additional accruals for actual and anticipated legal settlements . Revision increases Q1 selling, general and administrative (SG&A) expenses by $675,000 . SG&A expenses for Q1 of 2016 now include $1.4 million of expense for actual and anticipated legal settlements . Stein Mart, Inc. Revises preliminary first quarter 2016 earnings results . Q1 earnings per share $0.01 .Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.  Full Article

Stein Mart Q1 shr $0.30
Thursday, 19 May 2016 07:47am EDT 

Stein Mart Inc : Stein mart, inc. Reports first quarter fiscal 2016 results . Qtrly diluted earnings per share of $0.30 compared to $0.29 in 2015 . Stein mart inc q1 shr $0.30 . Stein mart inc q1 sales $355.7 mln vs i/b/e/s view $364.8 mln . Stein mart inc q1 same store sales fell 3.4 pct . Stein mart inc q1 shr view $0.26 -- thomson reuters i/b/e/s . Stein mart inc -2016 store opening plan increased to 13 new stores . Stein mart inc - qtrly total sales increased 0.6 percent and comparable store sales decreased 3.4 percent . Stein mart inc - 2016 store opening plan increased to 13 new stores . Stein mart inc - continue to expect that new stores will increase sales an estimated 4 percent above comparable store sales results for year . Stein mart inc - sales in existing stores were impacted by decreased traffic and a greater amount of fall clearance that hampered in-season selling . Stein mart inc -continue to expect that new stores will increase sales an estimated 4 percent above comparable store sales results for year . Stein mart inc - inventories were $317 mln at end of q1 of 2016 compared to $303 mln at same time last year .Stein mart inc - "pleased with levels and freshness of our spring inventories going into q2.".  Full Article

Stein Mart Inc appoints Dawn Robertson as CEO and declared dividend
Tuesday, 15 Mar 2016 07:30am EDT 

Stein Mart Inc:Says appointment of Dawn Robertson as chief executive officer and her election to Stein Mart's board of directors.Dawn Robertson succeeds Jay Stein.Declared quarterly dividend of $0.075 per common share, payable on April 15 to shareholders of record date as of April 1.  Full Article

Synchrony Financial and Stein Mart extend consumer credit card program agreement
Tuesday, 1 Mar 2016 07:30am EST 

Synchrony Financial and Stein Mart:Says long-term extension of Stein Mart's co-branded MasterCard((reg))and private label credit card program agreement.  Full Article

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BRIEF-Stein Mart Qtrly loss per share $0.11

* Stein Mart, Inc. Reports fourth quarter and fiscal 2016 results