Categories Consumer, Retail

Stein Mart (SMRT) Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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. 

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Also Read:  IFF agrees to buy Israel-based Frutarom

Most Popular

MongoDB (MDB) has what it takes to end the losing streak. Here’s why

An innovative product portfolio that is capable of outshining the legacy databases has helped MongoDB (NASDAQ: MDB) stay largely unaffected by the market turmoil so far. Of late, the database

Macy’s (M) confirms Q1 loss; expects gradual sales recovery

Retailer Macy's (NYSE: M) posted mixed results for its first quarter of 2020. While the topline missed the market's estimates, bottom line topped the targets. There were no change in

STZ Earnings: Key quarterly highlights that you need to know from Constellation Brands Q1 financial results

Constellation Brands (NYSE: STZ) today announced its first quarter financial results for the period ended May 31, 2020. First quarter net loss was $177.9 million, or $0.94 per share, compared

Tags

Top