Cato Corporation news and archive

Cato Fashions posts Q3 loss, sales decline 21 percent

The Cato Corporation has reported a net loss of 3.6 million dollars or loss of 15 cents per diluted share for the third quarter ended October 31, 2020, compared to net income of 6 million dollars or 24 cents per diluted share for the third quarter ended November 2, 2019. The company said in a statement that sales for the quarter were 149.2...

Fashion

Cato Fashions per share earnings improve 19 percent in 2019

The Cato Corporation reported a net loss of 3.2 million dollars or a loss of 13 cents per diluted share for the fourth quarter, compared to 3.2 million dollars or 13 cents per diluted share for the prior fourth quarter. Full-year fiscal 2019 net income was 35.9 million dollars or 1.46 dollars per diluted share compared to 30.5 million dollars or...

Business

Cato Fashions August same-store sales up 3 percent

The Cato Corporation’s sales for the four weeks ended August 31,2019 of 56.7 million dollars, rose 1 percent compared to sales for the four week period ended September 1, 2018, while same-store sales in August were up 3 percent. “August same-store sales exceeded our expectations,” commented John Cato, Chairman, President, and Chief Executive...

Business

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...

Business

Cato Fashions’ FY17 net income plunges 82 percent to 8.5 mn dollars

The Cato Corporation has reported a net loss of 15.5 million dollars or a loss of 0.62 dollars per diluted share, compared to 12.8 million dollars or 0.48 dollar per diluted share for the prior fourth quarter ended January 28, 2017. Full-year fiscal 2017 net income was 8.5 million dollars or 0.34 dollar per diluted share compared to 47.2 million...

People

Cato Fashions appoints Pamela Davies to its boards of directors

Women's fashion retailer Cato Corporation has announced the expansion of its board of directors from seven to eight members with the appointment of Dr. Pamela Davies, President of Queens University of Charlotte. Davies' appointment is effective April 1, 2018 and she will join Cato's compensation committee as well as the corporate governance and...