May 17, 2017 / 8:16 PM / 3 months ago

BRIEF-Stein Mart reports Q1 EPS $0.08

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 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below