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More on Stein Mart's (SMRT) Q1: Net income, revenue, and comps post 35.6%, 3.8%, and 1.2% gains...

More on Stein Mart's (SMRT) Q1: Net income, revenue, and comps post 35.6%, 3.8%, and 1.2% gains respectively. Comps rose 8% in April as the retailer closed out the quarter on a positive note. Lower markdowns contributed to higher gross profit and SG&A as a percentage of sales fell. Inventories were higher by ~$16M Y/Y "to support higher sales." (PR)
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