By  on May 23, 2013

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.

To unlock this article, subscribe to WWD below.

load comments
blog comments powered by Disqus