- 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.