Categories Earnings, Retail

Stein Mart (SMRT): Q3 2019 Earnings Snapshot

— 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.

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