Insight Report 4 minutes PremiumStein Mart (SMRT) 2Q16 Results: Misses on EPS, Lowers SG&A Guidance, New Initiatives for 3Q16 Coresight Research August 22, 2016 Executive Summary Stein Mart reported 2Q16 EPS earnings of $0.06, and missed the consensus estimate of $0.07 by $0.01. Total revenues were $319.8 million compared to $311.6 million last year, which is a 2.6% increase. The company missed the revenue consensus estimate of $326.1 million by 2.0%. Comparable store sales decreased by 1.4%, but new-store sales and a controlled markdown strategy contributed to the sales growth. Management maintained its revenue and gross profit guidance and decreased its SG&A guidance to $360 million, compared to $370 million previously. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Inflection Points in the Global Economy in 2023March 2024 US Retail Sales: Growth Moderates But Remains Solid; General Merchandise Stores ReboundSingles’ Day 2023 Performance: Positive Reports from Major E-Commerce Platforms2023 US Tax Tracker #4: Post-Tax-Day Wrap-Up—IRS Issues $237 Billion in Refunds, Coresight Research Survey Reveals Consumers’ Plans for Tax Refunds
