"Our fiscal 2023 sales trend was negatively impacted by pressure on our customers' discretionary spending levels primarily due to higher interest rates and inflation," said John Cato, Chairman, President and Chief Executive Officer.
"Our fiscal 2023 sales trend was negatively impacted by pressure on our customers' discretionary spending levels primarily due to higher interest rates and inflation," said John Cato, Chairman, President and Chief Executive Officer.
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4 - CATO CORP (0000018255) (Issuer)
4 - CATO CORP (0000018255) (Issuer)
4 - CATO CORP (0000018255) (Issuer)
10-Q - CATO CORP (0000018255) (Filer)
8-K - CATO CORP (0000018255) (Filer)
10-Q - CATO CORP (0000018255) (Filer)
SC 13G/A - CATO CORP (0000018255) (Subject)
SC 13G/A - CATO CORP (0000018255) (Subject)
SC 13G/A - CATO CORP (0000018255) (Subject)
CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- In light of the current economic conditions and current sales trends the Board of Directors of The Cato Corporation (NYSE:CATO) suspended the regular quarterly dividend. Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact, including, without limitation, statements regarding the Company's expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of interest rates, inflation or other factors that may affect our customers' discretionary spending or our costs are considered "forward-looking" within the meaning of T
CHARLOTTE, N.C., Nov. 21, 2024 /PRNewswire/ -- The Cato Corporation (NYSE:CATO) today reported a net loss of $15.1 million or ($0.79) per diluted share for the third quarter ended November 2, 2024, compared to a net loss of $6.1 million or ($0.30) per diluted share for the third quarter ended October 28, 2023. Sales for the third quarter ended November 2, 2024 were $144.6 million, a decrease of 8% from sales of $156.7 million for the third quarter ended October 28, 2023. The Company's same-store sales for the quarter decreased 3% compared to 2023. For the nine months ended November 2, 2024, the Company reported a net loss of $4.0 million or ($0.24) per diluted share, compared to net loss o
CHARLOTTE, N.C., Aug. 30, 2024 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE:CATO) declared a regular quarterly dividend of $0.17 per share. The dividend will be payable on September 30, 2024 to shareholders of record on September 16, 2024. The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 14.0% at the closing market price on August 29, 2024. 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
CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- In light of the current economic conditions and current sales trends the Board of Directors of The Cato Corporation (NYSE:CATO) suspended the regular quarterly dividend. Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact, including, without limitation, statements regarding the Company's expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of interest rates, inflation or other factors that may affect our customers' discretionary spending or our costs are considered "forward-looking" within the meaning of T
CHARLOTTE, N.C., Aug. 30, 2024 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE:CATO) declared a regular quarterly dividend of $0.17 per share. The dividend will be payable on September 30, 2024 to shareholders of record on September 16, 2024. The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 14.0% at the closing market price on August 29, 2024. 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
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. The dividend will be payable on June 24, 2024 to shareholders of record on June 10, 2024. The $0.17 dividend, or $0.68 on an annualized basis, represents an annualized yield of 11.7% at the closing market price on May 23, 2024. 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.