Neal celebrates grand opening
PALMETTO -- Neal Communities will kick off its newest community in Palmetto -- Sugar Mill Lakes -- with a grand opening event from 11 a.m. to 2 p.m. Saturday The grand opening event will feature face painting, games, a bounce house, treats and balloon art. Sugar Mill Lakes is at 4539 28th Ave E, Palmetto. Neal will introduce a new model, the Sunlight 3.
"We are excited to unveil our Sunlight 3 floor plan at Sugar Mill Lakes," said David Hunihan, director of sales for the Lakewood Ranch-based, new home building company. "This new floor plan has never been modeled before. We are confident that this new plan, plus several other popular Neal designs with great pricing and options like three car garages, will be the perfect fit for this community," he said.
Sugar Mill Lakes is in Palmetto. Community amenities include a family recreation center, a children's playground and a tennis court. Homes range in size from 1,569 square feet to 2,233 square feet and pricing starts in the high $100,000s.
For more information, please visit nealcommunities.com.
Palmetto early learning center joins Chamber
PALMETTO -- Learning Tree Early Learning Center, 707 3rd Ave. W., Palmetto, has joined the Manatee Chamber of Commerce.
The center is now accepting enrollment for children, ages 6 weeks to 12. The early learning center, a registered Voluntary Pre-Kindergarten provider, is associated with the Early Learning Coalition of Manatee County and accepts school readiness clients.
Children who will be 4 by Sept. 1st are allowed to participate in the free three hours of kindergarten-readiness program.
Stein Mart releases 2Q results
JACKSONVILLE -- Stein Mart Inc.'s net income for the second quarter was $3.4 million.
For the first six months of 2013, net income was $18.1 million or 41 cents per diluted share compared to $13.1 million or30 cents per diluted share in the same period in 2012.
"Our second quarter same store sales increase of 6.4 percent was driven by our great merchandise, brands and pricing" said Jay Stein, chief executive officer. "We've said for a long while that increases in sales and margin will leverage against our lean expense structure resulting in higher earnings growth. This is now happening."
Total sales for the second quarter increased 3.8 percent to $291 million, while comparable store sales increased 6.4 percent. For the first six months of 2013, total sales increased 3.8 percent to $612.3 million, while comparable store sales increased 3.6 percent.
Gross profit for the second quarter increased to $80.3 million or 27.6 percent of sales from $73.8 million or 26.3 percent of sales in 2012. Gross profit for the first six months of 2013 increased $12.6 million to $178.3 million or 29.1 percent of sales from $165.7 million or 28.1 percent of sales in 2012.
-- Herald staff, wire reports