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BRIEF-Stein Mart Qtrly loss per share $0.11
March 8, 2017 / 12:59 PM / 6 months ago

BRIEF-Stein Mart Qtrly loss per share $0.11

March 8 (Reuters) - 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 Source text for Eikon: Further company coverage:

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