Edition:
United States

Cato Corp (CATO.K)

CATO.K on New York Consolidated

13.60USD
18 Aug 2017
Change (% chg)

$0.53 (+4.06%)
Prev Close
$13.07
Open
$13.02
Day's High
$13.78
Day's Low
$12.84
Volume
569,232
Avg. Vol
304,962
52-wk High
$36.64
52-wk Low
$12.20

Latest Key Developments (Source: Significant Developments)

Cato Corp reports Q2 EPS loss of $0.03
Thursday, 17 Aug 2017 07:00am EDT 

Aug 17 (Reuters) - Cato Corp :Cato reports 2Q EPS loss of $0.03.Q2 loss per share $0.03.Q2 sales fell 13 percent to $205 million.Qtrly ‍gross margin decreased 590 basis points to 31.1% as a percent of sales primarily due to lower merchandise margins​.Sees full year earnings to be significantly below last year.Negative sales trends continue to put severe pressure on merchandise margins and profitability as we continue to work through merchandise missteps.  Full Article

Cato reports July same-store sales down 9pct
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Cato Corp ::Cato Corp - ‍expect a loss for q2 and full year earnings to be significantly below last year​.Cato reports July same-store sales down 9pct.July sales $56.1 million.Q2 sales $205 million.July same store sales fell 9 percent.  Full Article

Cato reports June same-store sales down 16 pct
Thursday, 6 Jul 2017 07:00am EDT 

July 6 (Reuters) - Cato Corp ::Cato reports June same-store sales down 16%.June sales fell 15 percent to $74.7 million.June same store sales fell 16 percent.Cato Corp - sales for twenty-two weeks ended July 1, 2017 were $386.5 million, down 16% over sales of $460.9 million for twenty-two weeks ended July 2, 2016.  Full Article

Cato May same store sales fell 16 pct
Thursday, 1 Jun 2017 07:00am EDT 

June 1 (Reuters) - Cato Corp ::Cato reports may same-store sales down 16%.May sales fell 15 percent to $74.2 million.May same store sales fell 16 percent.Cato Corp - ‍as of may 27, 2017, company operated 1,373 stores in 33 states, compared to 1,372 stores in 33 states as of may 28, 2016​.Cato Corp - ‍sales for seventeen weeks ended may 27, 2017 were $311.9 million, a 16% decrease​.Cato Corp - ‍"our negative sales trends persisted throughout may as we continued to work through our merchandise assortment missteps"​.  Full Article

Cato posts Q1 earnings per share $0.85
Thursday, 18 May 2017 07:00am EDT 

May 18 (Reuters) - Cato Corp :Cato reports decline in 1Q EPS.Q1 earnings per share $0.85.Q1 sales fell 17 percent to $237.7 million.Company's same-store sales for quarter decreased 17 pct to last year.Sales for Q1 were $237.7 million, a decrease of 17 pct."it is taking longer to work through these issues than expected and remainder of year will be impacted"."we expect earnings for year to be below last year.".  Full Article

Cato reports april same-store sales down 2 pct
Thursday, 4 May 2017 07:00am EDT 

May 4 (Reuters) - Cato Corp ::Cato reports april same-store sales down 2%.April sales fell 2 percent to $80.6 million.Q1 sales fell 17 percent to $237.7 million.April same store sales fell 2 percent.Says negative sales trends persisted throughout march and april as we continued to work through our merchandise assortment missteps.Says still expect q1 earnings to be significantly less than last year.Says april sales were impacted by shift of easter from march last year to april this year.  Full Article

Cato reports March same-store sales down 21 pct
Thursday, 6 Apr 2017 07:00am EDT 

Cato Corp : Cato reports march same-store sales down 21% . March sales fell 22 percent to $93.2 million . March same store sales fell 21 percent . Cato Corp says "expect current sales headwinds to continue as we work through our merchandise assortment missteps" . Cato Corp says during month of March, company opened two stores and relocated one store .Cato Corp says march sales were negatively impacted by shift of Easter from march last year to April this year.  Full Article

Cato reports 4Q and full year earnings
Thursday, 16 Mar 2017 07:00am EDT 

Cato Corp : "We believe 2017 will be another challenging year for Cato," . Company plans to open 13 new stores during 2017 . Reports 4Q and full year earnings . For 2017, company anticipates closing up to 19 stores by year-end. . Q4 same store sales fell 12 percent . Q4 revenue $247.3 million . Sees 2017 capital expenditures are projected to be approximately $16 million . "2016 was a very disappointing year. Overall apparel retail environment continued to be difficult and was compounded by several mistakes of our own" .Sales for fiscal Q4 ended January 28, 2017 were $218.2 million, a decrease of 12 pct from sales of $247.3 million for Q4 ended January 30, 2016.  Full Article

Cato says February same-store sales down 25 pct
Thursday, 2 Mar 2017 07:00am EST 

Cato Corp : Cato Corp says February sales continued to decline and were significantly lower due to delayed tax refunds . Cato reports February same-store sales down 25 pct . February sales fell 25 percent to $63.9 million . February same store sales fell 25 percent .Cato Corp - as of February 25, 2017, company operated 1,371 stores in 33 states, compared to 1,372 stores in 32 states as of February 27, 2016.  Full Article

Cato reports November same-store sales down 10 pct
Thursday, 1 Dec 2016 07:00am EST 

Cato Corp :Cato reports November same-store sales down 10 pct.  Full Article

BRIEF-Cato Corp reports Q2 EPS loss of $0.03

* Qtrly ‍gross margin decreased 590 basis points to 31.1% as a percent of sales primarily due to lower merchandise margins​