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 increased to 9.8 percent compared to 9.3 percent a year ago.

Cato Corporation was founded in 1946 by Wayland Henry Cato, Wayland Henry Cato and Jr., Edgar Thomas and is based in Charlotte, North Carolina, United States. Cato Fashions offers latest fashion styles for women – work or play, dressy or casual in junior/misses and plus sizes, jewelry, shoes and accessories at low prices. The company operates under three concepts - Cato, Versona and It's Fashion.

Offering women's clothing and accessories, the New York-listed company has 10500 employees worldwide and operates about 1300 stores.

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