Stein Mart June Same-Store Sales Up 4.1%

Stein Mart, Inc. announced total sales and comparable store sales for the fiscal period ended July 2, 2005, as follows (dollars in millions):

                               Total Sales          Percent Change
  Fiscal Period:                                  Total   Comparable
                             2005       2004      Sales   Store Sales
  June (5 weeks)            $131.7     $124.0      6.2%       4.1%
  Year to date (22 weeks)   $630.2     $603.4      4.4%       2.9%

Ladies' casual and men's sportswear led the Company in sales. Geographically, sales were positive in all regions, and strongest along the Eastern seaboard, parts of Texas, and in Arizona.

“We are liquidating spring/summer merchandise through our dot clearance program at our planned rate, and we have had good customer response to our transition assortments,” commented Michael D. Fisher, president and chief executive officer of Stein Mart, Inc. “We continue to expect comparable store sales to increase in the low, single-digit range for the quarter ending July 30, resulting in diluted earnings per share of $0.20 – $0.22 for the second quarter of 2005.”

The Company operated 260 stores on July 2, 2005 as compared to 257 stores at the same time last year.