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Stein Mart Inc (SMRT.OQ)

SMRT.OQ on NASDAQ Stock Exchange Global Select Market

3.53USD
24 May 2018
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Latest Key Developments (Source: Significant Developments)

Stein Mart Inc Reports Q1 Earnings Per Share $0.16
Wednesday, 23 May 2018 04:05pm EDT 

May 23 (Reuters) - Stein Mart Inc ::STEIN MART, INC. REPORTS FIRST QUARTER FISCAL 2018 RESULTS.Q1 EARNINGS PER SHARE $0.16.Q1 SALES FELL 3.2 PERCENT TO $326.7 MILLION.Q1 SAME STORE SALES FELL 0.7 PERCENT.RAISED ITS FIRST HALF 2018 OUTLOOK..NOW EXPECT FIRST HALF 2018 OPERATING INCOME TO BE IN EXCESS OF $10 MILLION.STEIN MART - ANTICIPATE FLAT TO LOW SINGLE-DIGIT INCREASES IN COMP SALES FOR Q2 DRIVEN BY MUCH HIGHER REGULAR-PRICE SELLING.  Full Article

Stein Mart, Inc. Reports Q4 Loss Per Share $0.01
Wednesday, 14 Mar 2018 04:10pm EDT 

March 14 (Reuters) - Stein Mart Inc ::STEIN MART, INC. REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS.Q4 LOSS PER SHARE $0.01.Q4 SALES $384.9 MILLION.Q4 SAME STORE SALES FELL 5.4 PERCENT.Q4 ADJUSTED EARNINGS PER SHARE $0.08 EXCLUDING ITEMS.Q4 GROSS PROFIT EXPANDED 380 BASIS POINTS.SEES FLAT TO LOW SINGLE-DIGIT INCREASES IN COMPARABLE SALES IN FIRST HALF OF 2018.SEES GROSS PROFIT EXPANSION OF APPROXIMATELY 200 BASIS POINTS IN FIRST HALF OF 2018.STEIN MART - EXPECT H1 2018 OPERATING INCOME TO BE IN EXCESS OF $8 MILLION.STEIN MART - ENTERED INTO NEW $50 MILLION TERM LOAN WITH GORDON BROTHERS FINANCE COMPANY.STEIN MART - "ENCOURAGED" BY SALES TREND IN FEB. & EARLY MARCH DRIVEN BY "VERY STRONG REGULAR-PRICED SELLING".STEIN MART - CONFIDENT COMP. SALES TRENDS WILL DRAMATICALLY IMPROVE IN Q1 AS SPRING REGULAR-PRICE SELLING BUILDS IN OTHER MARKETS.  Full Article

Stein Mart Closes On New $50 Million Term Loan
Wednesday, 14 Mar 2018 04:05pm EDT 

March 14 (Reuters) - Stein Mart Inc ::STEIN MART CLOSES ON NEW $50 MILLION TERM LOAN.STEIN MART - ‍IN CONNECTION WITH ENTERING INTO TERM LOAN, AMENDED EXISTING SECOND AMENDED & RESTATED CREDIT AGREEMENT​.STEIN MART INC - AMENDMENT PROVIDES FOR REPAYMENT OF EXISTING $25 MILLION FIRST-IN, LAST-OUT (FILO) A-1 TRANCHE OF CREDIT FACILITY​.  Full Article

Stein Mart Says Executed An Amendment To The Promissory Note Originally Entered On February 2, 2018
Monday, 12 Mar 2018 04:56pm EDT 

March 12 (Reuters) - Stein Mart Inc ::STEIN MART SAYS ON MARCH 7, EXECUTED AN AMENDMENT TO THE PROMISSORY NOTE ORIGINALLY ENTERED ON FEBRUARY 2, 2018 - SEC FILING.STEIN MART - SUNTRUST BANK, UNDER TRUST AGREEMENT DATED SEPTEMBER 1, 1999,HAS EXTENDED MATURITY DATE FROM APRIL 1, 2018 TO JULY 1, 2018.  Full Article

Stein Mart Q3 loss per share $0.31
Wednesday, 15 Nov 2017 04:05pm EST 

Nov 15 (Reuters) - Stein Mart Inc :Stein Mart, Inc. reports third quarter fiscal 2017 results.Q3 sales $285.4 million.Q3 same store sales fell 6.9 percent.Q3 loss per share $0.31.Stein Mart - ‍operating with lower inventory is resulting in better merchandise margins from increased regular-priced selling and lower markdowns​.Stein Mart Inc - expect progress co is making with business to be more apparent in q4​.Stein Mart - about one-third of chain was directly impacted by closures or reduced hours as a result of hurricanes Harvey and Irma during q3.Stein Mart Inc - ‍inventories were $311 million at end of Q3 of 2017 compared to $384 million at same time last year​.  Full Article

STEIN MART ANNOUNCES COST REDUCTIONS
Thursday, 26 Oct 2017 01:35pm EDT 

Oct 26 (Reuters) - Stein Mart Inc ::STEIN MART ANNOUNCES COST REDUCTIONS.STEIN MART INC - ‍HAS INSTITUTED COST REDUCTIONS EXPECTED TO TOTAL SAVINGS OF APPROXIMATELY $10 MILLION (PRE-TAX) IN 2018​.STEIN MART-‍TREND OF COMPARABLE STORES SALES DECREASES CONTINUED INTO Q3, WAS SLIGHTLY "WORSE" IN AUGUST & SEPT DUE TO IMPACTS OF HURRICANES HARVEY, IRMA​.STEIN MART INC - ‍INSTITUTED COST REDUCTIONS​ INCLUDING ELIMINATION OF APPROXIMATELY 10 PERCENT OF ITS CORPORATE OFFICE HEADCOUNT IN 2018.  Full Article

Stein Mart reports Q2 loss per share of $0.28
Wednesday, 16 Aug 2017 04:05pm EDT 

Aug 16 (Reuters) - Stein Mart Inc :Stein Mart Inc reports second quarter fiscal 2017 results.Q2 loss per share $0.28.Q2 sales $311 million.Q2 same store sales fell 5 percent.Stein Mart Inc - ‍expect lower inventories will give better margins from lower markdowns primarily in Q4​.Stein Mart Inc - ‍now expecting to close six stores in 2017​.Stein Mart Inc - qtrly ‍total sales decreased 2.7 percent​.  Full Article

Stein Mart posts Q1 earnings per share $0.08
Wednesday, 17 May 2017 04:05pm EDT 

May 17 (Reuters) - Stein Mart Inc ::Stein Mart Inc Reports first quarter fiscal 2017 results.Sees FY 2017 sales at least 4 percent above comparable store sales .Q1 earnings per share $0.08.Q1 sales $337.3 million versus $355.7 million.Q1 same store sales fell 7.6 percent.Sees Q2 loss per share $0.20 to $0.25.Suspending quarterly dividend and reducing capital expenditures.Suspending $0.075 quarterly dividend will free up approximately $14 million of cash to apply against debt on an annual basis.Now expect 2017 gross profit rate will be about same as fiscal 2016 rate.  Full Article

Stein Mart reports Q1 EPS $0.08
Wednesday, 17 May 2017 04:05pm EDT 

May 17 (Reuters) - Stein Mart Inc :Reports first quarter fiscal 2017 results.Q1 earnings per share $0.08.Q1 sales $337.3 million versus $355.7 million.Q1 same store sales fell 7.6 percent.Sees Q2 loss per share $0.20 to $0.25.Sees FY 2017 sales up at least 4 percent.Suspending quarterly dividend and reducing capital expenditures.Suspending $0.075 quarterly dividend will free up approximately $14 million of cash to apply against debt on an annual basis.Now expect 2017 gross profit rate will be about same as fiscal 2016 rate.  Full Article

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

BRIEF-Stein Mart Inc Reports Q1 Earnings Per Share $0.16

* NOW EXPECT FIRST HALF 2018 OPERATING INCOME TO BE IN EXCESS OF $10 MILLION