- Prachi Singh |
The Cato Corporation reported sales of 81.5 million dollars for the four weeks ended May 4, 2019, a 14 percent increase over the same period last year, while the company said, same-store sales increased 16 percent. Sales for the first quarter ended May 4, 2019 were 228.1 million dollars, a decrease of 3 percent, while same-store sales also decreased 1 percent compared to last year.
"Although we are pleased with our Easter performance, we remain cautious," stated John Cato, the company’s Chairman, President and CEO in a statement.
The company said, April sales were impacted by the shift of Easter from March last year to April this year. Because of this shift, the best measure for sales performance is the combined sales for the two months, which was flat overall but increased 3 percent to the prior year on a same-store basis for the nine weeks ended May 4, 2019.