CATO Stock Recent News

CATO's Q2 2024 EPS falls to 1 cent, with revenues declining 8% due to store closures and weak consumer demand.

CHARLOTTE, N.C. , Aug. 22, 2024 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $0.1 million or $0.01 per diluted share for the second quarter ended August 3, 2024, compared to net income of $1.1 million or $0.06 per diluted share for the second quarter ended July 29, 2023.

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Discover why Zacks rates Cato as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its impressive earnings growth, strategic initiatives, and financial stability while examining the challenges posed by declining same-store sales and market pressures.

CATO's Q1 2024 earnings soar to 54 cents per share despite a 6% decline in same-store sales, driven by effective cost controls and a significant rise in interest and other income.

CHARLOTTE, N.C. , May 24, 2024 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share.

CHARLOTTE, N.C. , May 23, 2024 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $11.0 million or $0.54 per diluted share for the first quarter ended May 4, 2024, compared to net income of $4.4 million or $0.22 per diluted share for the first quarter ended April 29, 2023.

Cato Corporation is an American apparel retailer with a low EV and strong balance sheet, but poor operational results. The brand's value proposition seems outdated and not ideal for the current apparel retail landscape. Cato's operational efficiency is low, and there is a potential for large cash losses if revenues continue to decline.