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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Ahead of Singles’ Day, Experiential Retail Will Be Key: China Consumer Survey InsightsEarnings Insights 1Q24, Week 7: The Latest Financial Commentary from Costco, Dollar Tree, Lululemon, PVH Corp. and MoreInnovator Profile: Raleon’s AI-Powered Solution Optimizes Loyalty Programs To Enhance Customer EngagementSurprising Declines in Consumer Activity: US Consumer Survey Insights
