Stein Mart posts first-quarter revenues below the Street, shares fall
Stein Mart, Inc. (Nasdaq: SMRT) said this morning that first-quarter sales declined and missed the consensus estimate on Wall Street, sending shares lower in pre-market trading.
Management noted, “…we remain concerned about the consumer's cautious mindset as we look out at the rest of the year.”
Shares slipped 7%, or $0.34, to $4.75 ahead of the opening bell. For detailed price information and recent news stories about Stein Mart, click SMRT.
