This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stein Mart, Inc. Reports Comparable Store Sales Increase Of 6.4% For The Second Quarter And 3.7% For July

JACKSONVILLE, Fla., Aug. 8, 2013 (GLOBE NEWSWIRE) -- Stein Mart, Inc. (Nasdaq:SMRT) today reported that total sales for the second quarter ended August 3, 2013 increased 3.8 percent and comparable store sales for the quarter increased 6.4 percent. For the four-week period ended August 3, 2013 total sales increased 5.8 percent and comparable store sales increased 3.7 percent.

The table below shows total sales for the period ended August 3, 2013 compared to the period ended July 28, 2012, while comparable store sales measures the period ended August 3, 2013 against the respective period ending August 4, 2012.
      Percent Change
  Total Sales (in millions) Total Sales Comparable Store Sales
Fiscal period  2013 2012 2013 2013 2012
July (4 weeks) $74.6 $70.5 5.8% 3.7% 2.8%
Second quarter (13 weeks) $290.9 $280.4 3.8% 6.4% 1.6%
Year-to-date (26 weeks) $612.3 $590.1 3.8% 3.6% 0.5%

Linens, dresses and intimate apparel posted the strongest sales for the month, while ladies' special sizes, men's sportswear, jewelry and ladies' casual sportswear were more challenged. Geographically, July sales were strongest in Florida, the Southeast and Virginia, while the West performed slightly lower than the chain.

"I am pleased with our sales performance in July which wrapped up a great second quarter where our comparable store sales increased 6.4 percent," said Jay Stein, Chief Executive Officer. "Our customers responded well to our merchandise assortment during the first half of the year and we are looking forward to introducing her to our great fall assortment."               

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASDAQ 5,105.5460 -9.8360 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs