Cato news and archive

Cato Fashions Q1 earnings improve but sales decline

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...

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Cato reports same-store sales growth of 5 percent in August

The Cato Corporation reported sales for the four weeks ended September 1, 2018 of 56.4 million dollars, flat compared to the four week period ended August 26, 2017. The company said, however, same-store sales in August were up 5 percent compared to the same period last year. "August same-store sales exceeded our expectations," commented John...

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Cato’s May comparable sales down 16 percent

The U.S. retail group reported Thursday sales of 74.2 million dollars for the four weeks ended May, 27. This figure implies a 15 percent dip compared to the 87.4 million dollars Cato Corporation (NYSE: CATO) registered for the four weeks ended May 28, 2016. "Our negative sales trends persisted throughout May as we continued to work through our...

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Management

Cato reports 29 percent drop in FY16 net income

The Cato Corporation reported a net loss of 12.8 million dollars or a loss of 0.48 dollar per diluted share, compared to net income of 11.8 million dollars or 0.42 dollar per diluted share for the fourth quarter ended January 30, 2016. Full year net income was 47.2 million dollars or 1.72 dollars per diluted share compared to 66.8 million...

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Cato November same-store sales down 10 percent

The Cato Corporation’ sale for the month of November were 68.2 million dollars, a 10 percent decrease from sales of 76 million dollars for the four week period ended November 28, 2015. Same-store sales for the month were down 10 percent as well. "November same-store sales were consistent with our current trend," stated John Cato, Chairman,...

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Management|ANALYSIS

September leaves a myriad of weaker-than-expected US fashion retail sales updates

Data collated by NASDAQ on US apparel retailers reporting monthly performance updates on Thursday show a down trend in comparable sales over September for most of them. The most recurrent explanation for such a generalised dip in sales was the unseasonably warm weather that delayed purchases of fall apparel and also reflected lacklustre...

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Report|REPORT

Cato October sales increase 4 percent

Sales for the four weeks ended October 31, 2015 at Cato Corporation were 73.2 million dollars, a 4 percent increase over sales of 70.5 million dollars for the four week period ended November 1, 2014. Same-store sales for the month increased 1 percent. “October same-store sales were above our guidance. With recent positive trends and a favorable...

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Business

US retail sales slowdown over February

February left US retailers in general and apparel ones in particular with lower-than-expected sales. As it starts to be the trend, many of them blamed the weather – too cold to lure shoppers in to stock on new spring collections. Additionally, consumer confidence indexes faltered. As revealed by the majority of high street names of the US...

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Business

US fashion retailers post mixed October sales

A number of US apparel retailers on Thursday reported lackluster sales at established stores in October amid unseasonably warm weather, although sales at the end of the month were boosted by some Halloween spending. The months of September and October are normally a breather between two strong shopping seasons, the back-to-school that began in...

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Business

US fashion retailers post mixed October sales

A number of US apparel retailers on Thursday reported lackluster sales at established stores in October amid unseasonably warm weather, although sales at the end of the month were boosted by some Halloween spending. The months of September and October are normally a breather between two strong shopping seasons, the back-to-school that began in...

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Apparel

Cato’s March same-store sales Up 5%

Cato Corporation has reported sales for the five weeks ended March 31, 2012, of $103.9 million, an 7% increase over sales of $97.4 million for the five week period ended April 2, 2011. Same-store sales for the month increased 5%. Sales for the nine weeks ended March 31, 2012, were $187.9 million, a 2% increase over sales of $183.6 million for...

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