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Stein Mart Inc (SMRT.OQ)

SMRT.OQ on NASDAQ Stock Exchange Global Select Market

2.08USD
20 Sep 2018
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Latest Key Developments (Source: Significant Developments)

Stein Mart Inc Reports Q2 Loss Per Share Of $0.02
Wednesday, 22 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
Wednesday, 15 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

RPT-As Bon-Ton liquidates, U.S. department stores vie for its shoppers

April 19 Bon-Ton Stores Inc won court approval on Wednesday for a bid to wind down its operations, clearing the way for one of the largest U.S. department store chains to begin selling everything from its store inventory to leases and fixtures.