$CATO (The Cato Corporation)

$CATO {{ '2015-11-25T12:22:59+0000' | timeago}} • Announcement

Specialty retailer of fashion apparel and accessories $CATO said that its Board of Directors declared a quarterly dividend of $0.30 per share that will be payable on Jan. 4, 2016 to shareholders of record on Dec. 14, 2015. The dividend of $0.30 or $1.20 per share annually represents a 3.1% annualized yield at close of market price on Nov. 24, 2015.

$CATO {{ '2017-07-06T13:30:01+0000' | timeago}} • Announcement

$CATO reported net sales of $74.7MM in the five weeks ended July 1, 2017, down 15% compared to the same period last year. Same-store sales for the five-week period decreased 16% YoY. In the 22 weeks ended July 1, 2017, sales decreased by 16%.

$CATO {{ '2017-06-01T12:28:30+0000' | timeago}} • Announcement

$CATO sales for the four weeks ended May 27, 2017, were down 15% y-o-y at $74.2MM. Same-store sales for May were down 16% from last year. Cato Corp's year-to-date same-store sales fell 17%.

$CATO {{ '2017-05-18T12:05:32+0000' | timeago}} • Announcement

$CATO opened three stores and relocated one store during 1Q17. As of April 29, 2017, the company operated 1,374 stores in 33 states, compared to 1,372 stores in 33 states as of April 30, 2016.

$CATO {{ '2017-05-18T12:05:10+0000' | timeago}} • Announcement

$CATO reported a drop in 1Q17 earnings due to negative sales trend and deleveraging of store expenses. Net income fell to $22.23MM or $0.85 per share from $35.87MM or $1.29 per share last year. Revenue dropped to $239.74MM from $287.97MM. Same-store sales decreased 17%.

$CATO {{ '2017-05-04T19:18:52+0000' | timeago}} • Announcement

$CATO reported sales for the month of April 2017 of $80.6MM, down 2% from $81.9MM last year. Same-store sales for the month were down 2%. For 1Q17, sales fell 17% to $237.7MM and same-store sales decreased 17%. The company said April sales were impacted by the shift of Easter from March last year to April this year.

$CATO {{ '2017-04-06T15:43:53+0000' | timeago}} • Announcement

$CATO reported sales for the five weeks ended April 1, 2017 of $93.2MM, down 22% from sales of $118.8MM for the five-week period ended April 2, 2016.  Same-store sales for March fell 21%. As of April 1, 2017, the Cato operated 1,373 stores in 33 states, compared to 1,371 stores in 32 states as of April 2, 2016.

$CATO {{ '2017-03-16T11:39:04+0000' | timeago}} • Announcement

$CATO expect its negative sales trends to continue through the quarter and expects its 1Q17 earnings to be significantly below last year. For 2017, the company expects to open 13 new stores and anticipates closing up to 19 stores by year-end. CapEx is projected to be approx. $16MM.

$CATO {{ '2017-03-16T11:33:05+0000' | timeago}} • Announcement

Clothing retailer $CATO reported a net loss for 4Q16, hurt by growth in online sales of other retailers and sluggish apparel retail environment. Net loss was $12.80MM or $0.48 loss per share compared to a net income of $11.85MM or $0.42 per share a year ago. Revenue declined 11.96% to $220. Same-store sales declined 12% YoverY.

$CATO {{ '2017-03-03T18:50:42+0000' | timeago}} • Announcement

$CATO reported sales for the four weeks ended February 25, 2017 of $63.9MM, a 25% decrease over sales of $84.7MM for the four week period ended February 27, 2016. Same-store sales for the month decreased 25% from the prior year. As of February 25, 2017, the company operated 1,371 stores in 33 states.

$CATO {{ '2017-02-02T18:25:04+0000' | timeago}} • Announcement

$CATO reported sales for the year FY16 of 947.4MM, down 5% from last year. Same-store sales for the year declined 6%. For the year, the company continues to expect EPS to be within the range of $1.66-1.70 versus $2.39 last year.

$CATO {{ '2017-02-02T18:23:13+0000' | timeago}} • Announcement

$CATO reported sales of $45.5MM for the month of January 2017, down 14% from last year. Same-store sales for January 2017 decreased 15%. For 4Q16, sales tumbled 12% to $218.2MM and same-store sales decreased 12%. $CATO still sees 4Q16 loss per share to be within prior range of $0.54-0.50 versus EPS of $0.42 last year.

$CATO {{ '2016-12-01T18:06:18+0000' | timeago}} • Announcement

$CATO reported sales for the month of November 2016 of $68.2MM, down 10% from $76MM a year ago and same-store sales were down 10%. For ten months ended Nov. 26, 2016, sales declined 4% to $797.4MM and same-store sales decreased 5%. In November, the company opened two new stores and relocated one store.

$CATO {{ '2016-11-18T13:58:42+0000' | timeago}} • Announcement

$CATO's BoD declared a regular quarterly dividend of $0.33 per share. The dividend is payable on Jan. 2, 2017 to shareholders of record on Dec. 12, 2017.

$CATO {{ '2016-11-18T13:19:25+0000' | timeago}} • Webcast

$CATO BoD authorized an increase in the company's share repurchase program of 2MM shares.  Prior to this authorization, the company had approx. 840,000 shares remaining in open authorizations.

$CATO {{ '2016-11-17T15:04:43+0000' | timeago}} • Announcement

CEO John Cato said soft sales in 1H16 continued and eroded further in 3Q and $CATO expects this trend to continue into 4Q16. The company had significant markdown inventory as it entered 4Q. $CATO plans are to liquidate excess inventory throughout the quarter. The liquidation of fall merchandise will put severe pressure on 4Q earnings, Cato added.

$CATO {{ '2016-11-17T15:00:21+0000' | timeago}} • Announcement

$CATO now expects 4Q16 loss per share of $0.11-0.07 versus EPS of $0.42 last year. For 2016, the company lowered its EPS guidance to $2.08-2.12 from prior estimate of $2.32-2.41. The revised 2016 EPS outlook represents a YoverY decreased of 13-11%.

$CATO {{ '2016-11-17T14:56:58+0000' | timeago}} • Announcement

Clothing retailer $CATO reported a decline in 3Q16 earnings due to lower revenue, despite an income tax benefit. Net income declined slightly to $8.26MM from $8.32MM last year, while EPS remained flat at $0.30. Revenue fell to $209.26MM from $225.47. Same-store sales decreased 8%.

$CATO {{ '2016-10-06T19:44:23+0000' | timeago}} • Announcement

$CATO cut down its outlook for 3Q16, hurt by lower sales. The company now expects diluted EPS to be $0.07-0.11 versus $0.30 last year and down from the previous guidance of $0.13-0.18.

$CATO {{ '2016-10-06T19:40:30+0000' | timeago}} • Announcement

$CATO's sales were $76.2MM for the five weeks ended Oct. 1, 2016, down 8% from the five weeks ended Oct. 3, 2015 period. Same-store sales for the five-week period decreased 9% from the prior year. CEO John Cato stated that Sept. same-store sales were well below the company's expectations. During Sept., $CATO opened one store and closed one store.

$CATO {{ '2016-09-01T15:59:40+0000' | timeago}} • Announcement

Specialty retailer $CATO said sales for August, 2016 were $62MM, down 7% versus August, 2015. Same-store sales in August were down 8% to the prior year. YTD sales were $584.1MM, down 2% from the prior-year period. YTD same-store sales decreased 4%. As of Aug. 27, 2016, $CATO operated 1,373 stores in 33 states.

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