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...

Business

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...

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...

Business

US Apparel Retailers Report Growth In November

A number of U.S. apparel retailers on Thursday reported higher sales at established stores for the month of November, as early holiday promotions and an improving economy helped offset the impact of disappointing Black Friday sales. Sales for the month of November was expected to pick up towards the second-half of the month due to the...

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...

Design

Cato September same-store sales up 5 percent

REPORT_ The Cato Corporation reported sales of 79.7 million dollars for the five weeks ended October 4,2014, a 9 percent increase over sales of 72.9 million dollars for the five weeks ended October 5, 2013. Same-store sales for the five-week period increased 5 percent from the prior year. Sales for the thirty-five weeks ended October 4, 2014...

Design

Cato August same-store sales rise 3 percent

REPORT_ The Cato Corporation has reported 7 percent increase in sales for the four weeks ended August 30, 2014 of 63.6 million dollars over sales of 59.2 million dollars for the four week period ended August 31, 2013. Same-store sales in August were up 3 percent to the prior year. “August same-store sales were above our expectations but...

Design

Cato sales increase 6 percent in Q2

REPORT_ The Cato Corporation reported net income of 15.7 million dollars or 0.56 dollars per diluted share for thesecond quarter ended August 2, 2014, compared to net income of 14.8 million dollars or 0.51 dollars per diluted share for the second quarter ended August 3, 2013. Net income increased 6 percent and earnings per diluted share...

Design

Cato July Same-Store Sales increase 4 percent

REPORT_ The Cato Corporation has reported sales of 65.3 million dollars forthe four weeks ended August 2, 2014, up 6 percent to sales of 61.6 million dollars for the four weeks ended August 3, 2013. Same-store sales for the month were up 4 percent to the prior year. Sales for the second quarter ended August 2, 2014 were 243.8 million dollars, up...

Design

Cato June same-store sales up 3 percent

REPORT_ The Cato Corporation reported sales of 92 million dollars for the five weeks ended July 5, 2014, a 7 percent increase over sales of 86.1million dollars for the five weeks ended July 6, 2013. Same-store sales for the five-week period increased 3 percent. Sales for the twenty-two weeks ended July 5, 2014 were 460.9 million dollars, up 6...

Design

Cato May same-store sales rise 3 percent

REPORT_ The Cato Corporation reported sales of 86.4 million dollars for the four weeks ended May 31, 2014, a 6 percent increase versussales of 81.7 million dollars for the four weeks ended June 1, 2013. Same-store sales for the month increased 3 percent. Sales for the 17 weeks ended May 31, 2014 were 368.9 million, a 6 percent increase versus...

Design

Cato Q1 sales increase 6 percent

REPORT_ The Cato Corporation reported net income of 30 million dollars or 1.04 dollars per diluted share for the first quarterended May 3, 2014, compared to net income of 30.8 million dollars or 1.05 dollars per diluted share for the first quarter ended May 4, 2013. Net income decreased 3 percent and earnings per diluted share decreased 1...