Stein Mart slides 20.1% post Q2 results [Seeking Alpha]
SmartRent, Inc. Class A (SMRT)
US:NASDAQ Investor Relations:
ir.steinmart.com/investor-relations
Company Research
Source: Seeking Alpha
Stein Mart slides 20.1% post Q2 results Stein Mart ( SMRT -20.1% Q2 Comparable sales benefitted by ~150 bps from the shift of a 12-Hour Sale event from the second quarter to the first. Where comparable sales for Q2 decreased 3.6%, or decreased 1.9% on an adj. basis. Gross profit rate for Q2 was flat to last year’s significantly improved rate of 25.5% of sales. Debt decreased $36.8M to $138.5M and unused availability under our credit facility increased $18.6M to $61.9M. The company had 283 stores at the end of Q2 and closed 4 stores during the first half of 2019, which completes store plans for the year. “With our fall sales-driving initiatives beginning to roll out this month, we believe our comp sales trend will improve in the second half.” said Hunt Hawkins, CEO.
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News
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- SmartRent Launches Alloy SmartHome Leak Sensor+ [Yahoo! Finance]Yahoo! Finance
- SmartRent to Report First Quarter 2024 Financial Results on May 8, 2024Business Wire
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SMRT
Earnings
- 3/5/24 - Beat
SMRT
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- SMRT's page on the SEC website