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Cato Fashions swings to Q2 profit but sales drop

The Cato Corporation reported net income of 1.1 million dollars or 6 cents per diluted share for the second quarter compared to a net loss of 2.3 million dollars or 11 cents loss per diluted share for the same quarter of 2022. Sales for the quarter were 181.2 million dollars or a decrease of 7 percent, while the same-store sales decreased 5...