Stein Mart (SMRT) Misses Q1 EPS by 3c
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Stein Mart, Inc. Reports First Quarter 2015 Results
May 21, 2015 7:30 AM EDTHighlights
Sales grew 7.5 percent in the first quarter; comparable store sales increased 4.8 percent. Adjusted diluted earnings per share of $0.31 compared to $0.32 in 2014. Full year gross profit rate and SG&A expense outlook reaffirmedJACKSONVILLE, Fla., May 21, 2015 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq: SMRT) today announced financial results for the first quarter ended May 2, 2015.
Overview of Results
Net income for the first quarter was $13.6 million or $0.29 per diluted share compared to net income of $14.1 million or $0.31 per... More
