Stein Mart, Inc. reported unaudited consolidated earnings results for the thirteen weeks and thirty nine weeks ended October 28, 2017. For the thirteen weeks, the company reported net sales of USD 285,395,000 against USD 299,527,000 a year ago. Operating loss was USD 23,889,000 against USD 16,323,000 a year ago. Loss before income taxes was USD 25,045,000 against USD 17,272,000 a year ago. Net loss was USD 14,616,000 or USD 0.31 per basic and diluted share against USD 11,010,000 or USD 0.24 per basic and diluted share a year ago.

For the thirty nine weeks, the company reported net sales of USD 933,766,000 against USD 975,000,000 a year ago. Operating loss was USD 35,360,000 against operating income of USD 11,694,000 a year ago. Loss before income taxes was USD 38,797,000 against income before income taxes of USD 8,896,000 a year ago. Net loss was USD 23,909,000 or USD 0.52 per diluted share against net income of USD 5,308,000 or USD 0.11 per diluted share a year ago. Net cash provided by operating activities was USD 52,804,000 against USD 57,177,000 a year ago. Net acquisition of property and equipment was USD 17,168,000 against USD 35,026,000 a year ago. LBITDA was USD 11,106,000 against EBITDA of USD 35,330,000 a year ago. Adjusted LBITDA was USD 7,176,000 against adjusted EBITDA of USD 42,487,000 a year ago.

For the full year 2017, capital expenditures are now expected to be USD 20 million compared to USD 42 million in 2016.