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 consistent with our recent trend. We remain cautious in regard to the remainder of the year,” commented John Cato, Chairman, President, and Chief Executive Officer.

Sales for the thirty weeks ended August 30, 2014 were 589.8 million dollars, up 6 percent to sales of 555.8 million dollars for the same period, ended August 31, 2013. The company's year-to-date same-store sales increased 3 percent.

During the month of August, the company opened new stores in Panama City, FL, Dubuque and Sioux City, IA, Osage Beach, MO, Charlotte, NC and McAlester and Tulsa, OK. As of August 30, 2014, the company operated 1,334 stores in 32 states, compared to 1,309 stores in 32 states as of August 31, 2013.