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Stein Mart releases sales figures for fiscal period ending July 5

11
Jul '08
Stein Mart Inc reported total sales and comparable store sales for the fiscal period(s) ended July 5, 2008.

Total Sales (in millions) - Percent Change - Total Sales - Comparable Store Sales
Fiscal period - 2008 - 2007
June (5 weeks) - $122.6 - $127.4 - (3.7)% - (7.7)%
Quarter to date (9 weeks) - $231.0 - $246.3 - (6.2)% -(10.0)%
Year to date (22 weeks) - $583.1 - $622.4 - (6.3)% - (9.6)%

During June, comparable stores sales of ladies' casual sportswear, and ladies' dresses and social occasion were positive, while gifts, linens and ladies' career were significantly below Company trend.

Geographically, sales were better than the Company trend in Texas and the mid-South, but sales in Florida and Arizona were well below the Company trend.

At July 5, 2008, there were 284 stores in operation as compared to 270 at the same time last year.

Stein Mart Inc


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