Cato Fashions posts rise in Q2 earnings

The Cato Corporation reported net income of 11.9 million dollars or 48 cents per diluted share for the second quarter ended August 3, 2019 compared to 6.5 million dollars or 26 cents per diluted share for the second quarter ended August 4, 2018. Sales for the quarter were 210.4 million dollars or an increase of 2 percent, while same-store sales increased 4 percent to last year.