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Strong comp for Stein Mart in Q4

Mar. 12, 2015 8:20 AM ETStein Mart, Inc. (SMRT-OLD) StockBy: Clark Schultz, SA News Editor
  • Stein Mart (NASDAQ:SMRT-OLD) says comparable-store sales rose 5.6% in Q4.
  • The mark was higher than the average in the retail sector.
  • Traffic was up 2% for the 3-month period which ended on January 31.
  • The company's gross profit rate fell 20 bps to 29.4% on slightly lower e-commerce margins.
  • Inventory +9.2% to $286M.
  • Store count +6 Y/Y to 270.
  • SMRT -0.3% premarket.

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