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

Most Popular

Lyft (LYFT) expects average ride volumes to improve through Q1 2021

Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of

With new strategy in place, Target looks poised to tap growing online demand

Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered

Infographic: Dollar Tree’s (DLTR) performance in Q4

Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top