Cato Fashions news and archive

Cato Fashions reports widening Q4 losses

US fashion retailer Cato Fashions has reported widening losses for the fourth quarter as it swung to a full-year loss. For the three months to January 30, 2021, the company’s net losses more than doubled to 6.9 million dollars compared to 3.2 million dollars a year earlier. That came as sales in the quarter dropped 19 percent to 188.4 million...

Business

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 Q3 profits climb 50 percent

The company said on Thursday its Q3 net profit surged. Compared with the same period last year, revenues grew by 0.5 percent. The company's net profit for Q3 was 6 million dollars, grew from 4 million dollars a year earlier. Furthermore, revenues increased to 189 million dollars. Cato Corporation is an American retailer of women's fashions and...

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 February same-store sales drop 5 percent

The Cato Corporation reported sales for the four weeks ended March 3, 2018 of 67.2 million dollars, a 5 percent increase over sales of 63.8 million dollars for the four week period ended February 25, 2017. Same-store sales for the month decreased 5 percent from the prior year. "February same store sales were below our expectations," stated John...