Stein Mart Aug. Total Sales Down 0.4%; Comps. Down 1.4% - Quick Facts

(RTTNews) - Stein Mart Inc. (SMRT) reported total sales for the four-week period ended August 29, 2015 of $86.1 million, a 0.4 percent decrease over total sales of $86.5 million for the four-week period ended August 30, 2014. Comparable store sales for the four-week period decreased 1.4 percent.

The company noted that its August sales were impacted by the move of Labor Day to a week later in September in the current year and the shifting of events, including the Labor Day event moving from August to September.

Total sales were $751.2 million for the thirty-week period ended August 29, 2015, an increase of 5.3 percent from last year. Comparable store sales for the thirty-week period increased 3.3 percent.

The company operated 269 stores at the end of August in the current year compared to 265 stores last year.