The Cato Corporation reported a net loss of 15.1 million dollars or 79 cents per diluted share for the third quarter, while sales decreased by 8 percent to 144.6 million dollars and same-store sales decreased 3 percent compared to 2023. For the nine month period, the company’s net loss reached 4 million pounds or 24 cents per diluted share and...
21 Nov 2024
The Cato Corporation’s net income declined to 0.1 million dollars or 1 cent per diluted share for the second quarter. Sales for the quarter decreased 8 percent to 166.9 million dollars. The company’s same-store sales decreased 2 percent. "Although the second quarter sales trend improved, the sales environment continues to be challenged by...
22 Aug 2024
The Cato Corporation reported net income of 11 million dollars or 54 cents per diluted share for the first quarter compared to 4.4 million dollars or 22 cents per diluted share for the same quarter last year. Sales for the quarter were 175.3 million dollars, a decrease of 8 percent, while same-store sales decreased 6 percent. "The pressure on...
23 May 2024
The Cato Corporation reported net income of 1.1 million dollars or 6 cents per diluted share for the second quarter compared to a net loss of 2.3 million dollars or 11 cents loss per diluted share for the same quarter of 2022. Sales for the quarter were 181.2 million dollars or a decrease of 7 percent, while the same-store sales decreased 5...
18 Aug 2023
The Cato Corporation reported a net loss of 3 million dollars or 14 cents loss per diluted share for the fourth quarter compared to a net loss of 6.5 million dollars or 30 cents per diluted share for the same quarter last year. Sales for the fourth quarter were 177.5 million dollars, an increase of 2 percent, while same-store sales for the...
16 Mar 2023
The Cato Corporation reported a net loss of 4.5 million dollars or 21 cents loss per diluted share for the third quarter ended October 29, 2022, compared to net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021. Sales for the third quarter were $174.9 million, an increase of 3 percent, while...
17 Nov 2022
The Cato Corporation reported a net loss of 2.3 million dollars or loss of 11 cents per diluted share for the second quarter compared to net income of 14 million dollars or 62 cents per diluted share for the second quarter last year. Sales for the quarter were 195 million dollars, or a decrease of 5 percent and same-store sales decreased 5...
18 Aug 2022
The Cato Corporation reported net income of 9.7 million dollars or 46 cents per diluted share for the first quarter compared to 20.7 million dollars or 92 cents per diluted share for the first quarter ended May 1, 2021. Sales for the quarter were 204.9 million dollars or a decrease of 3 percent, while same-store sales decreased 2 percent...
19 May 2022
The Cato Corporation has announced that John R. Howe, its executive vice president and chief financial officer and the company’s principal financial officer, plans to retire from these roles effective January 17, 2022 following 35 years of service. The company said in a statement that Howe will remain employed through May 1, 2022 to assist with...
5 Jan 2022
The Cato Corporation reported net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021, compared to a net loss of 3.6 million dollars or 15 cents per diluted share for the third quarter ended October 31, 2020. The company said in a statement that due to the impact of the unprecedented store...
17 Nov 2021
US fashion retailer Cato Fashions has reported widening losses for the fourth quarter as it swung to a full-year loss. For the three months to January 30, 2021, the company’s net losses more than doubled to 6.9 million dollars compared to 3.2 million dollars a year earlier. That came as sales in the quarter dropped 19 percent to 188.4 million...
19 Mar 2021
The Cato Corporation has reported a net loss of 3.6 million dollars or loss of 15 cents per diluted share for the third quarter ended October 31, 2020, compared to net income of 6 million dollars or 24 cents per diluted share for the third quarter ended November 2, 2019. The company said in a statement that sales for the quarter were 149.2...
19 Nov 2020
