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Stock impact report

Stein Mart, Inc. Reports Second Quarter Fiscal 2017 Results

SmartRent, Inc. Class A (SMRT) 
US:NASDAQ Investor Relations: ir.steinmart.com/investor-relations
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., Aug. 16, 2017 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (NASDAQ:SMRT) today announced financial results for the second quarter ended July 29, 2017. Highlights Total sales decreased 2.7 percent and comparable store sales decreased 5.0 percentDiluted loss per share of $0.28 compared to diluted earnings per share of $0.06 in 2016Average store inventories 15 percent lower than last year’s second quarter Net loss for the second quarter was $13.0 million or $0.28 per diluted share compared to net income of $3.0 million or $0.06 per diluted share in 2016. For the first six months of 2017, net loss was $9.3 million or $0.20 per diluted share compared to net income of $16.3 million or $0.35 per diluted share in the same period in 2016. “Our second quarter sales trends improved from the first quarter and were strongest in July as we more aggressively priced our clearance merchandise,” said Hunt Hawkins, Chief Executive Officer. “We are very pleased with the progress we made Show less Read more
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