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Stein Mart Inc (SMRT.OQ)

SMRT.OQ on NASDAQ Stock Exchange Global Select Market

1.20USD
12 Dec 2018
Change (% chg)

$0.00 (+0.00%)
Prev Close
$1.20
Open
$1.15
Day's High
$1.21
Day's Low
$1.15
Volume
18,877
Avg. Vol
52,404
52-wk High
$3.99
52-wk Low
$0.49

Latest Key Developments (Source: Significant Developments)

Stein Mart Reports Third Quarter 2018 Results
Wednesday, 28 Nov 2018 

Nov 27 (Reuters) - Stein Mart Inc ::STEIN MART, INC. REPORTS THIRD QUARTER 2018 RESULTS.Q3 LOSS PER SHARE $0.36.Q3 SALES $279.1 MILLION VERSUS $285.4 MILLION.Q3 SAME STORE SALES ROSE 1.4 PERCENT.EXPECTING HIGHER Q4 OPERATING INCOME DRIVEN BY GROSS PROFIT EXPANSION AND LOWER EXPENSES.EXPECT Q4 GROSS PROFIT RATE TO BE HIGHER THAN IN 2017.SEES SG&A EXPENSES FOR Q4 OF 2018 LOWER THAN IN 2017.INVENTORIES WERE $305 MILLION AT END OF Q3 OF 2018 COMPARED TO $311 MILLION AT SAME TIME LAST YEAR.  Full Article

Stein Mart Announces Planned Retirement Of CFO
Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Stein Mart Inc ::STEIN MART, INC. ANNOUNCES PLANNED RETIREMENT OF CFO.STEIN MART - GREGORY W. KLEFFNER, PLANS TO RETIRE FROM CO NEXT SPRING.STEIN MART INC - KLEFFNER WILL CONTINUE IN HIS CURRENT ROLE UNTIL HIS SUCCESSOR IS APPOINTED.STEIN MART - CO HAS RETAINED AN EXECUTIVE SEARCH FIRM TO ASSIST WITH AN EXTERNAL SEARCH.  Full Article

Stein Mart Inc Reports Q2 Loss Per Share Of $0.02
Thursday, 23 Aug 2018 

Aug 22 (Reuters) - Stein Mart Inc ::STEIN MART, INC. REPORTS SECOND QUARTER 2018 RESULTS.Q2 LOSS PER SHARE $0.02.Q2 SALES $310.9 MILLION VERSUS $311 MILLION.Q2 SAME STORE SALES ROSE 0.7 PERCENT.PROJECTING EBITDA IN EXCESS OF $45 MILLION FOR FISCAL 2018 COMPARED TO $7 MILLION FOR FISCAL 2017.FOR FISCAL 2018, CONTINUE TO EXPECT CAPITAL EXPENDITURES TO BE ABOUT $10 MILLION.STEIN MART - FOR H2 2018, SEES OPERATING INCOME COMPARED TO OPERATING LOSS OF $19.8 MILLION LAST YEAR.ANTICIPATE LOW SINGLE-DIGIT INCREASES IN COMPARABLE SALES FOR H2.  Full Article

Stein Mart Q3 loss per share $0.31
Thursday, 16 Nov 2017 

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 

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