Stein Mart, Inc. announced unaudited consolidated financial results for second quarter and six months ended July 29, 2017. For the quarter, the company reported net sales of $311,036,000 against $319,761,000 a year ago. Operating loss was $21,533,000 against profit of $5,599,000 a year ago. Loss before income taxes was $22,675,000 against income of $4,716,000 a year ago. Net loss was $12,993,000 against net income of $3,007,000 a year ago. Net loss per diluted share was $0.28 against net income per diluted share of $0.06 a year ago. The decrease in sales reflects the comparable store sales decrease somewhat offset by sales from the company's new stores.

For six months, the company reported net sales of $648,371,000 against $675,473,000 a year ago. Operating loss was $11,471,000 against income of $28,017,000 a year ago. Loss before income taxes was $13,752,000 against income of $26,168,000 a year ago. Net loss was $9,293,000 against income of $16,318,000 a year ago. Net loss per diluted share was $0.20 against net income per diluted share of $0.35 a year ago. Net cash provided by operating activities was $24,943,000 against $52,592,000 a year ago. Net acquisition of property and equipment was $11,761,000 against $23,939,000 a year ago. EBITDA was $4,755,000 against $43,628,000 a year ago. Adjusted EBITDA was $6,670,000 against $46,849,000 a year ago.

For the full year 2017, capital expenditures are still planned to be $24 million or $21 million net of tenant improvement allowances.