— Stein Mart (NASDAQ: SMRT) reported a loss of $0.01 per share in fourth quarter of 2019 compared to a income of $0.08 per share last year. — Net sales were $336.6 million vs. $340.8 million in the fourth quarter of 2018. — Comparable sales decreased 0.1%. Omni sales, defined as all online sales, increased […]
“— Stein Mart (NASDAQ: SMRT) reported a loss of $0.01 per share in fourth quarter of 2019 compared to a income of $0.08 per share last year. — Net sales were $336.6 million vs. $340.8 million in the fourth quarter of 2018. — Comparable sales decreased 0.1%. Omni sales, defined as all online sales, increased […]
· March 11, 2020
— Stein Mart (NASDAQ: SMRT) reported a loss of $0.01 per share in fourth quarter of 2019 compared to a income of $0.08 per share last year.
— Net sales were $336.6 million vs. $340.8 million in the fourth quarter of 2018.
— Comparable sales decreased 0.1%. Omni sales, defined as all online sales, increased 7%.
— At the end of January, Stein Mart announced that it will be acquired by an affiliate of Kingswood Capital Management, L.P. for $0.90 per share in cash. The merger is expected to close in the first half of calendar year 2020.
— SMRT stock had advanced 8% in the past three months and dropped 35% in the past one year.
