— Stein Mart Inc. (NASDAQ: SMRT)
reported Q3 2019 loss of $0.25 per share compared to $0.35 per share last year.
— Net sales were $276.1 million, vs. $279 million last year.
— Comparable sales decreased 0.1%.
— Omni sales, defined as all online sales, increased 18%.
— The number of stores at quarter-end was 283.
— For the fourth quarter of 2019, Stein Mart anticipates a flat to low single-digit increase in comparable
sales.
— SMRT shares fell 2% immediately following the
announcement.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.