The Cato Corporation operates as a specialty retailer of fashion apparel and accessories in the Southeastern United States. It operates in two segments, Retail and Credit. The company’s stores offer a range of apparel and accessories for women, including dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as dressy, career, and casual sportswear. Its stores also offer men’s wear, and lines for kids and newborns. The company operates its stores primarily under the Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro, and Versona Accessories names. As of November 01, 2014, the company operated 1,318 stores in 32 states. It also provides credit cards to its custo...
8100 Denmark Road
Charlotte, NC 28273
Founded in 1946
The Cato Corp. Reports Sales Results for the Four Weeks and Year-To-Date Ended November 29, 2014
Dec 4 14
The Cato Corp. reported sales results for the four weeks and year-to-date ended November 29, 2014. For the four weeks, the company reported sales increased 10% to $73.8 million, up from sales of $67.3 million for the corresponding period a year ago. Same-store sales for the month were up 7%.
For the year-to-date, the company reported sales totaled $813.8 million, a 7% increase from sales of $762.6 million a year earlier. Same-store sales are up 4%.
The Cato Corporation Announces Regular Quarterly Dividend, Payable on January 5, 2015
Nov 26 14
The Board of Directors of The Cato Corporation declared a regular quarterly dividend of $0.30 per share. The dividend will be payable on January 5, 2015 to shareholders of record on December 15, 2014.
The Cato Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Fiscal 2015
Nov 20 14
The Cato Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. The company reported net income of $5.7 million for the third quarter ended November 1, 2014, compared to net income of $4.9 million for the third quarter ended November 2, 2013, an increase of 16%. Earnings per diluted share for the third quarter were $0.20, compared to $0.17 last year, an increase of 18%. Sales for the third quarter ended November 1, 2014 were $213.8 million, an 8% increase over sales of $198.8 million for the third quarter ended November 2, 2013. Same-store sales for the quarter increased 4%. Total revenues were $216,010,000 against $201,043,000 a year ago. Income before income taxes was $7,156,000 against $6,488,000 a year ago.
For the nine months ended November 1, 2014, the company earned net income of $51.4 million, compared to net income of $50.5 million for the nine months ended November 2, 2013, an increase of 2%. Earnings per diluted share were $1.82 compared to $1.73 last year, an increase of 5%. Sales for the nine months ended November 1, 2014 were $740.0 million, an increase of 6% from sales of $695.3 million for the nine months ended November 2, 2013. Year-to-date same-store sales increased 3%. Total revenues were $746,801,000 against $702,459,000 a year ago. Income before income taxes was $80,093,000 against $78,419,000 a year ago.
The company continues to expect fourth quarter earnings per diluted share will be within its original guidance range, updated for share repurchases, of $0.13 to $0.17 against $0.13 last year, flat to an increase of 31%.
For the fiscal 2015, earnings per diluted share are estimated to be in the range of $1.95 to $1.99 against $1.86 last year, an increase of 5% to 7%.