Cato June sales up 2 percent

The Cato Corporation reported sales of 93.8 million dollars for the five weeks ended July 4, 2015, a 2 percent increase over sales of 92 million dollars, same month, last year. Same-store sales for the period were flat to last year.

“June same-store sales continue to be in line with our current trend,” commented John Cato, Chairman, President, and Chief Executive Officer.

Sales for the twenty-two weeks ended July 4, 2015 were 463.9 million dollars, up 1 percent over sales of 460.9 million dollars for the twenty-two weeks ended July 5, 2014. The company's year-to-date same-store sales decreased 2 percent.

During the month of June, the company opened two stores. New stores opened in Portsmouth, VA and Dallas, TX. As of July 4, 2015, the company operated 1,355 stores in 32 states, compared to 1,328 stores in 32 states as of July 5, 2014.