- Prachi Singh |
The Cato Corporation reported sales of 66.9 million dollars for the four weeks ended August 1, 2015, up 2 percent to sales of 65.3 million dollars for the four weeks ended August 2, 2014. Same-store sales for the month were down 1 percent to the prior year.
“July same-store sales were slightly below our current trend of flat,” commented John Cato, Chairman, President and Chief Executive Officer, adding, “We now expect second quarter earnings per diluted share to be near the high end of our original range of 0.54 dollar to 0.57 dollar against 0.56 dollar last year, a decrease of 4 percent to an increase of 2 percent.”
Sales for the second quarter ended August 1, 2015 were 249.2 million dollars, up 2 percent to sales of 243.8 million dollars for the second quarter ended August 2, 2014. Second quarter same-store sales were flat to prior year. Sales for the first half were 530.8 million dollars, up 1 percent to the prior year's first half sales of 526.2 million dollars. Same-store sales for the first half were down 2 percent to the prior year.
The company will release second quarter results on August 20, 2015.