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Stock impact report

Cato Reports February Same-Store Sales Decreased 3%

Cato Corporation (The) Class A (CATO) 
Last cato corporation (the) class a earnings: 3/16 07:00 am Check Earnings Report
US:NYSE Investor Relations: catofashions.com/info/investor-relations
Company Research Source: PR Newswire
CHARLOTTE, N.C., March 5, 2020 /PRNewswire/ -- 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.  "February same store sales were below our expectations," stated John Cato, Chairman, President, and Chief Executive Officer.  During the month of February, the Company opened fifteen stores, relocated one store and closed two.  As of February 29, 2020, the Company operated 1,294 stores in 31 states, compared to 1,308 stores in 31 states as of March 2, 2019. The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It's Fashion".  The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.  The Com Show less Read more
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