Stein Mart May Total Sales Up 3.3%; Comps. Up 1.9% - Quick Facts

(RTTNews) - Stein Mart, Inc. (SMRT) Thursday reported total sales in May of $113.3 million, up 3.3% from $109.6 million for the four-week period ended May 30, 2014. Comparable store sales for the four-week period ended May 30, 2015 increased 1.9 percent from May 2014.

Total sales of $466.8 million for the seventeen-week period ended May 30, 2015 increased 6.4 percent from total sales of $438.5 million for the seventeen-week period ended May 31, 2014. Comparable store sales for the same period increased 4.1 percent from comparable store sales for the period ended May 31, 2014.

Geographically,  and the Mid-Atlantic states had the strongest sales in May, while California and Texas, which hold 25 percent of our stores, had sales decreases. In California, cooler weather severely impacted traffic. Record rainfall and flooding unfavorably impacted sales in our major Texas markets.