Solid comparable-store sales helped drive Stein Mart Inc.’s profits up in the first quarter.
Earnings gained 35.6 percent to $14.7 million, or 33 cents a diluted share, from $10.8 million, or 25 cents, a year earlier. Profits per share were 4 cents ahead of the 29 cents Wall Street projected, helping to push the company’s stock up 2.8 percent to $12.05 by 11:00 a.m. on Wall Street.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"