Stein Mart April Comps Down 1.5%, Sales Edges Down; Q1 Comps Up 4.8%

(RTTNews) - Stein Mart, Inc. (SMRT) Thursday announced a 1.5 percent decline in April comparable store sales, while net sales was slightly down at $109.1 million from $108.1 million last year.

For the first quarter comparable store sales increased 4.8 percent and total sales increased 7.5 percent to $353.5 million from $328.9 million in the previous year.

According to the company, Florida had the strongest sales in April, while California, Texas and the Gulf States performed lower than the chain. For the first quarter, ladies' apparel posted the strongest sales, led by dresses and ladies' boutique, while accessories were more challenged.

Stein Mart noted that the shift of Easter from late April last year to early April this year favorably impacted March sales.