Cato Fashions reports sharp decline in second quarter net income

US retailer The Cato Corporation (Cato) has reported net income of 1.1 million dollars, or 0.06 dollars per diluted share, for the second quarter ended August 1, 2026 compared to net income of 6.8 million dollars, or 0.35 dollars per diluted share, for the second quarter ended August 2, 2025.