Exhibit 99.1

1200 RIVERPLACE BOULEVARD — JACKSONVILLE, FL 32207-1809 — (904) 346-1500

STEIN MART, INC. REPORTS THIRD QUARTER 2013 FINANCIAL RESULTS

Third Quarter Highlights:

JACKSONVILLE, FL – Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the third quarter ended November 2, 2013.

Overview of Results

Net income for the third quarter of 2013 was $28 thousand or breakeven per diluted share compared to a net loss of $1.7 million or $0.04 loss per diluted share in 2012.

For the first nine months of 2013, net income was $18.1 million or $0.40 per diluted share compared to $11.5 million or $0.26 per diluted share in the same period in 2012. Adjusted net income for the first nine months of 2012 was $10.2 million or $0.23 per diluted share (see Note 1).

EBITDA for the third quarter was $6.9 million compared to $2.8 million in 2012. EBITDA for the first nine months of 2013 was $51.0 million compared to $34.2 million adjusted EBITDA in 2012 (see Note 2).

Comments on Results

“Our earnings continue to improve as a result of our continued sales momentum” said Jay Stein, Chief Executive Officer. “We have been very focused on refining our brands, pricing and sales execution and the improvements are evident in our results.”

Total sales for the third quarter of 2013 increased 6.1 percent to $290.5 million, while comparable store sales increased 4.8 percent. For the first nine months of 2013, total sales increased 4.5 percent to $902.8 million, while comparable store sales increased 4.0 percent.

Gross profit for the third quarter increased to $77.8 million or 26.8 percent of sales from $70.7 million or 25.8 percent of sales in 2012. The increase in the quarter’s gross profit rate was primarily the result of higher markup and slightly lower occupancy costs as a percentage of sales, offset by slightly higher markdowns. Gross profit for the first nine months of 2013 increased $19.6 million to $256.0 million or 28.4 percent of sales from $236.4 million or 27.4 percent of sales in 2012. The increase in the year-to-date gross profit rate was primarily the result of higher markup, slightly lower markdowns as a percentage of sales and slightly lower occupancy costs as a percentage of sales.

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Selling, general and administrative (“SG&A”) expenses for the third quarter were $77.9 million or 26.8 percent of sales compared to $74.4 million or 27.2 percent of sales in 2012. The $3.5 million increase over 2012 SG&A expenses was primarily due to higher compensation costs, higher depreciation expense, $0.4 million of professional fees associated with last year’s restatement and $0.2 million of start-up costs for our e-commerce launch and supply chain transition. The higher compensation costs mostly resulted from higher earnings-based incentive compensation expense and increased payroll to support our higher sales and new stores. The SG&A increases were partially offset by lower healthcare costs due to favorable claims experience.

For the first nine months, SG&A expenses were $225.9 million or 25.0 percent of sales compared to $217.3 million or 25.2 percent of sales last year. SG&A expenses for the first nine months of 2012, adjusted to remove $2.1 million in gift card breakage, were $219.4 million and 25.4 percent of sales (see Note 1). The $6.5 million increase in 2013 over 2012 adjusted SG&A was primarily due to higher compensation costs, higher depreciation expense, $1.2 million of start-up costs for our e-commerce launch and supply chain transition and $1.1 million of professional fees associated with last year’s restatement. These increases were partially offset by lower healthcare costs due to favorable claims experience, higher credit card program income, lower store closing costs and slightly lower advertising expense.

Our effective tax rate was 39.4 percent for the first nine months of 2013 compared to 39.2 percent in 2012.

Balance Sheet Highlights

Cash at the end of the third quarter was $59.5 million compared to $104.1 million at the end of the third quarter of 2012. The lower cash balance reflects payment of a special dividend of $43.8 million at the end of 2012 and two quarterly dividends ($0.05 per share) totaling $4.4 million during 2013. We have not borrowed on our credit facility since the beginning of 2009.

Inventories of $329.7 million at the end of the third quarter of 2013 were 11.1 percent higher than the $296.7 million at the end of the third quarter last year. Inventories were higher partially due to this year’s calendar shift which causes our quarter-end to be one week later, when we have seasonally higher inventory levels. Additionally, we brought in merchandise earlier this year to drive and support sales, particularly during this year’s shorter holiday selling season.

Operating Initiatives

Our e-commerce business has been operational for just over two months. As a new business venture, we are continually enhancing our site presentation and analyzing our results to drive online traffic.

The important transition of our supply chain distribution centers from third-party to company-operated is nearly complete. The final distribution center in Ontario, CA (Los Angeles) will be fully operational in January.

Store Network

We operated 264 Stein Mart stores at the end of the third quarter of 2013 compared to 262 stores at the end of the third quarter last year. Our 2013 store plan, which is now complete, included four new stores, four relocations and three closings. While our 2014 store planning is not complete, we are working towards doubling the number of new stores with fewer closings in 2014 compared to 2013.

Fourth Quarter Outlook - Revised Second Half

With our third quarter now complete, our fourth quarter and second half outlook is as follows:

Filing of Form 10-Q

Reported results are preliminary and not final until the filing of our Form 10-Q for the fiscal quarter ended November 2, 2013 with the Securities and Exchange Commission (“SEC”), and therefore remain subject to adjustment.

Conference Call

A conference call for investment analysts to discuss our third quarter results will be held at 10 a.m. ET today, Thursday, November 21, 2013. The call may be heard on the investor relations portion of the Company’s website at http://ir.steinmart.com. A replay of the conference call will be available on the website through December 31, 2013.

Investor Presentation

Stein Mart’s third quarter 2013 investor presentation has been posted to the investor relations portion of the Company’s website at http://ir.steinmart.com.

About Stein Mart

Stein Mart stores offer the fashion merchandise, service and presentation of a better department or specialty store, at prices competitive with off-price retail chains. Currently with locations from California to Massachusetts, Stein Mart’s focused assortment of merchandise features current season, moderate to better fashion apparel for women and men, as well as accessories, shoes and home fashions.

Safe Harbor Statement

Except for historical information contained herein, the statements in this release may be forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company does not assume any obligation to update or revise any forward-looking statements even if experience or future changes make it clear that projected results expressed or implied will not be realized. Forward-looking statements involve known and unknown risks and uncertainties that may cause Stein Mart’s actual results in future periods to differ materially from forecasted or expected results. Those risks include, without limitation:

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Additional information about Stein Mart, Inc. can be found at www.steinmart.com

Stein Mart, Inc.

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NOTES TO PRESS RELEASE

Note 1 - Adjusted Results

We report our consolidated financial results in accordance with generally accepted accounting principles (“GAAP”). However, to supplement these consolidated financial results, management believes that certain non-GAAP operating results, which exclude certain breakage income on unused gift and merchandise return cards, may provide a more meaningful measure on which to compare our results of operations between periods. We believe these non-GAAP results provide useful information to both management and investors by excluding certain items that impact comparability of the results.

Year-to-date 2012 results include $2.1 million higher breakage income on unused gift and merchandise return cards as a result of changes in breakage assumptions during the second quarter of 2012 ($1.3 million after tax or $0.03 per diluted share). Below is a reconciliation of Selling, general and administrative expenses (“SG&A”), Net income and Diluted EPS (GAAP Basis) to adjusted SG&A, Net income and Diluted EPS (Non-GAAP Basis) for the 39 weeks ended October 27, 2012.

Note 2 - EBITDA

As used in this release, EBITDA is defined as earnings before interest, income taxes, depreciation and amortization. EBITDA is not a measure of financial performance under generally accepted accounting principles (“GAAP”). However, we present EBITDA in this release because we consider it to be an important supplemental measure of our performance and because it is frequently used by analysts, investors and others to evaluate the performance of companies. EBITDA is not calculated in the same manner by all companies. EBITDA should be used as a supplement to results of operations and cash flows as reported under GAAP and should not be considered to be a more meaningful measure than, or an alternative to, measures of operating performance as determined in accordance with GAAP. Below is a reconciliation of Net income to EBITDA and Adjusted EBITDA for the 13 weeks and 39 weeks ended November 2, 2013 and October 27, 2012.