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Stock impact report

Cato Reports Jump In Income And Earnings At Annual Meeting, Elects Theresa Drew To Board Of Directors

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., May 23, 2019 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) held its Annual Shareholders' Meeting this morning, reporting significant increases in net income and earnings per diluted share. Cato's net income in 2018 was $30.5 million – up 257 percent, while earnings per share totaled $1.23 – up 262 percent. The company ended the year with more than $211 million in cash and investments – an increase of more than $10 million – and it remains debt-free."We view 2018 as a transition year for Cato, and we made significant progress," said John Cato, Chairman, President, and CEO. "We have stabilized our business, and we're cautiously optimistic about 2019."In 2018, Cato returned more than $46 million to shareholders through dividends and share repurchases, maintaining a quarterly dividend of 33 cents per share. In November, Cato's board also authorized the repurchase of an additional 2 million shares. During the meeting at Cato's corporate offices in Charlotte, N.C., shar Show less Read more
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