Stein Mart, Inc. Reports Fourth Quarter and Fiscal 2015 Results
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Stein Mart (SMRT) Misses Q4 EPS by 4c, Comps Fall 1.1%
March 10, 2016 7:35 AM ESTStein Mart (NASDAQ: SMRT) reported Q4 EPS of $0.17, $0.04 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $394.1 million versus the consensus estimate of $394.34 million.
Comparable store sales decreased 1.1 percent.
Disappointing fourth quarter sales and a more promotional holiday selling season drove our results lower than the prior year. Our fourth quarter gross profit rate... More
