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 up demand from the first quarter as the weather improved throughout May," said John Cato, the company’s Chairman, President, and CEO in a statement.

Sales for the seventeen weeks were 313.2 million dollars, flat from sales of 311.9 million dollars for the seventeen weeks ended May 27, 2017. The company's year-to-date same-store sales increased 1 percent compared to last year.

As of June 2, 2018, the company operated 1,351 stores in 33 states, compared to 1,373 stores in 33 states as of May 27, 2017.

Picture:Facebook/Cato Fashions