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Latest CATO News From Around the Web
Below are the latest news stories about Cato Corp that investors may wish to consider to help them evaluate CATO as an investment opportunity.
The Cato Corporation (NYSE: CATO) held its Annual Shareholders' Meeting yesterday, reporting increases in net income and earnings per diluted share for 2019.
The Cato Corporation (NYSE: CATO) today reported net loss of $28.4 million or ($1.19) per diluted share for the first quarter ended May 2, 2020, compared to net income of $21.3 million or $.87 per diluted share for the first quarter ended May 4, 2019. Sales for the first quarter were $98.8 million, or a decrease of 57% from sales of $228.1 million for the first quarter ended May 4, 2019. The Company's same-store sales for the quarter decreased 56% to last year.
The Cato Corporation (NYSE: CATO) today announced it reopened a majority of its stores, consistent with local health and safety guidelines and regulations. Company management will assess the guidance and local government mandates on a location by location basis as it executes its plan to reopen stores.
The Cato Corporation (NYSE: CATO) today announced it will extend the closure of all brick and mortar stores, until further notice. Company management will continue to assess the situation, market by market as additional guidance is issued from U.S. and local governments, as well as the Centers for Disease Control, as it develops its plan to reopen stores at a future date.
The Cato Corporation (NYSE: CATO) today reported earnings for the fourth quarter and year ended February 1, 2020. For the fourth quarter, the Company reported a net loss of $3.2 million, or a loss of $0.13 per diluted share, compared to a net loss of $3.2 million or a loss of $0.13 per diluted share for the prior fourth quarter ended February 2, 2019. Full-year fiscal 2019 net income was $35.9 million or $1.46 per diluted share compared to $30.5 million or $1.23 per diluted share for 2018. For the year, net income increased 18% and earnings per diluted share increased 19% from the prior year.
The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended February 29, 2020 of $57.3 million, a 3% decrease compared to sales of $59.1 million for the four week period ended March 2, 2019. Same-store sales for the month decreased 3% from the prior year.
The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.33 per share. The dividend will be payable on March 24, 2020 to shareholders of record on March 9, 2020.
Today we are going to look at The Cato Corporation (NYSE:CATO) to see whether it might be an attractive investment...
The Cato Corporation (NYSE: CATO) today reported sales for the five weeks ended January 4, 2020 of $85.0 million, down 2% compared to sales of $86.5 million for the five week period ended January 5, 2019. Same-store sales for December were flat compared to the five weeks ended January 5, 2019.
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