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Stein Mart Inc (SMRT.OQ)

SMRT.OQ on NASDAQ Stock Exchange Global Select Market

1.16USD
15 Dec 2017
Change (% chg)

$0.02 (+1.75%)
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Stein Mart 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​