Shares of Stein Mart Inc. fell 8.3 percent to $6.40 in midmorning trading today as investors digested fourth-quarter results, which took a hit as the retailer tried to move away from coupons.
Net profits fell 70 percent to $5.7 million, or 13 cents a share, from $18.8 million, or 42 cents, a year earlier. Adjusting for asset impairment and store closing charges, earnings totaled 15 cents a share and missed analyst estimates by 4 cents.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)