• Net income rose 11.2% to $15.9m
  • Sales edged up 0.8% to $303.5m
  • Comparable store sales up 1.5%

Stein Mart Inc has reported a "solid" first quarter after improved sales and margins helped the discount retailer to an 11.2% rise in earnings.

"Customers responded positively to our growing assortment of designer labels and brands at great values," said CEO David Stovall Jr.