Stein Mart, Inc. reported comparable store sales for the five-week period ended June 30, 2012 decreased 0.5 percent. Total sales for the period were $104.7 million, an increase of 0.2 percent from $104.5 million in the same period in 2011.
| Percent Change | |||||
| Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
| Fiscal period | 2012 | 2011 | 2012 | 2012 | 2011 |
| June (5 weeks) | $104.7 | $104.5 | 0.2% | -0.5% | -1.5% |
| Quarter to date (9 weeks) | $206.5 | $203.0 | 1.7% | 1.2% | -0.5% |
| Year to date (22 weeks) | $509.9 | $506.6 | 0.7% | 0.2% | 0.7% |
Percent Change | |||||
Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
Fiscal period | 2012 | 2011 | 2012 | 2012 | 2011 |
June (5 weeks) | $104.7 | $104.5 | 0.2% | -0.5% | -1.5% |
Quarter to date (9 weeks) | $206.5 | $203.0 | 1.7% | 1.2% | -0.5% |
Year to date (22 weeks) | $509.9 | $506.6 | 0.7% | 0.2% | 0.7% |
| Percent Change | |||||
| Total Sales (in millions) | Total Sales | Comparable Store Sales | |||
| Fiscal period | 2012 | 2011 | 2012 | 2012 | 2011 |
| June (5 weeks) | $104.7 | $104.5 | 0.2% | -0.5% | -1.5% |
| Quarter to date (9 weeks) | $206.5 | $203.0 | 1.7% | 1.2% | -0.5% |
| Year to date (22 weeks) | $509.9 | $506.6 | 0.7% | 0.2% | 0.7% |
Linens, ladies career sportswear, and men's furnishings and accessories posted the strongest sales for June. Men's sportswear, ladies' casual sportswear and dresses were weaker. Geographically, June sales were strongest in California and the Midwest, while Florida and the Southeast were weaker.
“The weather distractions we endured during June in Florida and many of our other markets challenged our business,” said Jay Stein, Interim Chief Executive Officer. “We are never satisfied with simply flat sales but given these disruptions we are not uncomfortable with our results.”
The company operated 263 stores at the end of June compared to 260 at the same time last year. No new stores were opened, relocated or closed during the month.
