Cato Fashions news and archive

Cato Fashions cuts Q4 loss

The Cato Corporation reported a net loss of 3 million dollars or 14 cents loss per diluted share for the fourth quarter compared to a net loss of 6.5 million dollars or 30 cents per diluted share for the same quarter last year. Sales for the fourth quarter were 177.5 million dollars, an increase of 2 percent, while same-store sales for the...

Business

Cato Fashions posts net loss, sales increase 3 percent

The Cato Corporation reported a net loss of 4.5 million dollars or 21 cents loss per diluted share for the third quarter ended October 29, 2022, compared to net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021. Sales for the third quarter were $174.9 million, an increase of 3 percent, while...

Business

Cato Fashions swings to loss in Q2

The Cato Corporation reported a net loss of 2.3 million dollars or loss of 11 cents per diluted share for the second quarter compared to net income of 14 million dollars or 62 cents per diluted share for the second quarter last year. Sales for the quarter were 195 million dollars, or a decrease of 5 percent and same-store sales decreased 5...

Business

Cato Fashions sales and earnings decline in Q1

The Cato Corporation reported net income of 9.7 million dollars or 46 cents per diluted share for the first quarter compared to 20.7 million dollars or 92 cents per diluted share for the first quarter ended May 1, 2021. Sales for the quarter were 204.9 million dollars or a decrease of 3 percent, while same-store sales decreased 2 percent...

Business

Cato Fashions swings to profit in fiscal 2021

The Cato Corporation reported a net loss of 6.5 million dollars or 30 cents per diluted share for the fourth quarter ended January 29, 2022 compared to a net loss of 8.3 million dollars or 37 cents per diluted share for the fourth quarter ended January 30, 2021. Full-year fiscal 2021 net income was 36.8 million dollars or 1.65 dollars per...

Business

Cato Fashions’ CFO John Howe to retire; Chuck Knight to take charge

The Cato Corporation has announced that John R. Howe, its executive vice president and chief financial officer and the company’s principal financial officer, plans to retire from these roles effective January 17, 2022 following 35 years of service. The company said in a statement that Howe will remain employed through May 1, 2022 to assist with...

Business

Cato Fashions foresees challenging Q4

The Cato Corporation reported net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021, compared to a net loss of 3.6 million dollars or 15 cents per diluted share for the third quarter ended October 31, 2020. The company said in a statement that due to the impact of the unprecedented store...

Business

Cato Fashions reports Q2 net income of 14 million dollars

The Cato Corporation reported net income of 14 million dollars or 62 cents per diluted share for the second quarter compared to a net loss of 7.2 million dollars or 30 cents per diluted share for the second quarter ended August 1, 2020. “Our sales were favorably impacted during the first half of the year by increased vaccination availability...

Business

Cato Fashions reports profit, sales accelerate compared to Q1 2020

The Cato Corporation (Cato Fashions) reported net income of 20.7 million dollars or 92 cents per diluted share for the first quarter compared to a net loss of 28.4 million dollars or loss of 1.19 dollars per diluted share for the first quarter ended May 2, 2020. Sales for the quarter were 211.2 million dollars, up 114 percent compared to the...

Business

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 reports Q2 loss of 7.2 million dollars

The Cato Corporation reported a net loss of 7.2 million dollars or 30 cents per diluted share for the second quarter ended August 1, 2020, compared to net income of 11.9 million dollars or 48 cents per diluted share for the same quarter last year. Sales for the quarter were 166.3 million dollars, a decrease of 21 percent, while the company’s...