Cato Corporation news and archive

Cato Fashions posts flat same-store sales growth in December

The Cato Corporation reported sales of 86.5 million dollars, down 9 percent for the five weeks ended January 5, 2019. Same-store sales for December were flat compared to the same period last year. "December same store sales were slightly below our expectations," stated John Cato, Chairman, President, and Chief Executive Officer in a statement....

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Cato Fashions: November same-store sales drop 6 percent

The Cato Corporation said that its sales for the four weeks ended December 1, 2018 of 59.4 million dollars, were down 4 percent, while same-store sales for the month decreased 6 percent. "November same-store sales were disappointing and below our expectations," said John Cato, the company’s Chairman, President, and Chief Executive Officer in a...

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Cato Fashions reports flat revenue growth in Q3

American women's wear maker Cato Fashions said on Tuesday its Q3 revenue for 2018 remained flat but same-store sales increased 1 percent. The company’s sales in Q3 2018 were 187.9 million US dollars compared to 188.4 million US dollars a year earlier. Net income rose to 3.8 million US dollars. The profit margin of the company rose to 2 percent...

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Cato Fashions posts flat sales growth in October

The Cato Corporation reported sales for the four weeks ended November 3, 2018 of 62.1 million dollars, flat compared to sales of 62.3 million dollars for the four week period ended October 28, 2017. Same-store sales for the month decreased 1 percent. "October same-store sales were below our expectations," said John Cato, the company’s Chairman,...

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Cato September same-store sales down 1 percent

The Cato Corporation reported sales for the five weeks ended October 6, 2018 of 69.4 million dollars, down 1 percent compared to sales of 69.8 million dollars for the five week period ended September 30, 2017. Same-store sales in September were down 1 percent. "September same-store sales were below our expectations," said John Cato, the company’...

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Cato announces quarterly dividend

The board of directors of Cato Corporation has declared a regular quarterly dividend of 0.33 dollar per share payable on October 1, 2018 to shareholders of record on September 17, 2018. The 0.33 dollar dividend or 1.32 dollars on an annualized basis, the company said, represents an annualized yield of 6.3 percent at the closing market price on...

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Cato reports Q2 net income of 6.5 million dollars

American women's wear maker Cato Fashions said on Thursday its Q2 revenue for 2018 rose 1 percent to 207 million US dollars, up from 205 million US dollars a year earlier. The company reported net income of 6.5 million US dollars or 0.26 dollars per diluted share against net loss of 0.9 million dollars or 0.03 dollar per diluted share. Hover...

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Cato Fashions: May sales improve 4 percent

The Cato Corporation has reported sales of 77.3 million dollars for the four weeks ended June 2, 2018, a 4 percent increase from sales of 74.2 million dollars for the same period ended May 27, 2017. Same-store sales increased 9 percent. "May same-store stores significantly exceeded our expectations. We attribute a portion of the increase to pent...

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Cato Fashion Q1 profits increase 5.4 percent

American womens wear maker Cato Fashion said on Thursday its Q1 net profit for 2018 rose. Revenues fell by 0.4 percent from the same period last year. The company’s net profit for Q1 2018 was 23.4 million US dollars, up from 22.2 million US dollars a year earlier. Revenues slid to 238 million US dollars. The profit margin of the company...

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Cato Fashions' April same-store sales fall 6 percent

The Cato Corporation has reported sales of 71.8 million dollars for the four weeks ended May 5, 2018, an 11 percent decrease over the same period last year, while same-store sales decreased 6 percent. "We are starting to see more favourable sales trends and remain cautiously optimistic about our ability to build upon this improvement in the...

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March same-store sales improve 6 percent at Cato Fashions

The Cato Corporation reported 4 percent sales rise for the five weeks ended April 7, 2018 to 96.9 million dollars, while same-store sales for the period increased 6 percent from the five weeks ended April 8, 2017. "March sales were positively impacted by the shift of Easter from April last year to March this year. Due to this shift, the best way...

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Cato Fashions’ FY17 net income plunges 82 percent to 8.5 mn dollars

The Cato Corporation has reported a net loss of 15.5 million dollars or a loss of 0.62 dollars per diluted share, compared to 12.8 million dollars or 0.48 dollar per diluted share for the prior fourth quarter ended January 28, 2017. Full-year fiscal 2017 net income was 8.5 million dollars or 0.34 dollar per diluted share compared to 47.2 million...