Stein Mart Q1 Profit Matches Estimates - Quick Facts

(RTTNews) - Stein Mart Inc. (SMRT) reported that its first-quarter net income slightly decreased to $14.1 million or $0.31 per share from $14.7 million or $0.33 per share, last year. Adjusted net income was $14.7 million or $0.32 per share, for the quarter.

On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.32 for the quarter. Analysts' estimates typically exclude special items.

Total sales were $328.9 million compared to $321.4 million, a year ago. Analysts expected revenue of $328.06 million for the quarter. Comparable store sales increased 2.6 percent.