Cato Corporation news and archive

Cato Corp. to close stores and cut jobs in response to financial struggles

The Cato Corporation reported a net loss of 14.1 million dollars or 74 cents per diluted share for the fourth quarter ended February 1, 2025. Sales for the quarter of 155.3 million dollars, decreased 10 percent and comparable sales also decreased 5.1 percent. "Our fiscal 2024 sales trend was negatively impacted by continued pressure on our...

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Cato Fashions Q3 net loss widens

The Cato Corporation reported a net loss of 15.1 million dollars or 79 cents per diluted share for the third quarter, while sales decreased by 8 percent to 144.6 million dollars and same-store sales decreased 3 percent compared to 2023. For the nine month period, the company’s net loss reached 4 million pounds or 24 cents per diluted share and...

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Cato Fashions anticipates challenging second half trading

The Cato Corporation’s net income declined to 0.1 million dollars or 1 cent per diluted share for the second quarter. Sales for the quarter decreased 8 percent to 166.9 million dollars. The company’s same-store sales decreased 2 percent. "Although the second quarter sales trend improved, the sales environment continues to be challenged by...

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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 Fashions swings to Q2 profit but sales drop

The Cato Corporation reported net income of 1.1 million dollars or 6 cents per diluted share for the second quarter compared to a net loss of 2.3 million dollars or 11 cents loss per diluted share for the same quarter of 2022. Sales for the quarter were 181.2 million dollars or a decrease of 7 percent, while the same-store sales decreased 5...

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Cato Fashions cuts Q4 loss

The Cato Corporation reported a net loss of 3 million dollars or 14 cents loss per diluted share for the fourth quarter compared to a net loss of 6.5 million dollars or 30 cents per diluted share for the same quarter last year. Sales for the fourth quarter were 177.5 million dollars, an increase of 2 percent, while same-store sales for the...

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Cato Fashions posts net loss, sales increase 3 percent

The Cato Corporation reported a net loss of 4.5 million dollars or 21 cents loss per diluted share for the third quarter ended October 29, 2022, compared to net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021. Sales for the third quarter were $174.9 million, an increase of 3 percent, while...

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Cato Fashions swings to loss in Q2

The Cato Corporation reported a net loss of 2.3 million dollars or loss of 11 cents per diluted share for the second quarter compared to net income of 14 million dollars or 62 cents per diluted share for the second quarter last year. Sales for the quarter were 195 million dollars, or a decrease of 5 percent and same-store sales decreased 5...

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Cato Fashions sales and earnings decline in Q1

The Cato Corporation reported net income of 9.7 million dollars or 46 cents per diluted share for the first quarter compared to 20.7 million dollars or 92 cents per diluted share for the first quarter ended May 1, 2021. Sales for the quarter were 204.9 million dollars or a decrease of 3 percent, while same-store sales decreased 2 percent...

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Cato Fashions swings to profit in fiscal 2021

The Cato Corporation reported a net loss of 6.5 million dollars or 30 cents per diluted share for the fourth quarter ended January 29, 2022 compared to a net loss of 8.3 million dollars or 37 cents per diluted share for the fourth quarter ended January 30, 2021. Full-year fiscal 2021 net income was 36.8 million dollars or 1.65 dollars per...

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Cato Fashions’ CFO John Howe to retire; Chuck Knight to take charge

The Cato Corporation has announced that John R. Howe, its executive vice president and chief financial officer and the company’s principal financial officer, plans to retire from these roles effective January 17, 2022 following 35 years of service. The company said in a statement that Howe will remain employed through May 1, 2022 to assist with...

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Cato Fashions foresees challenging Q4

The Cato Corporation reported net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021, compared to a net loss of 3.6 million dollars or 15 cents per diluted share for the third quarter ended October 31, 2020. The company said in a statement that due to the impact of the unprecedented store...