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Stock impact report

Cato Reports December Same-Store Sales Flat

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., Jan. 9, 2020 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the five weeks ended January 4, 2020 of $85.0 million, down 2% compared to sales of $86.5 million for the five week period ended January 5, 2019.  Same-store sales for December were flat compared to the five weeks ended January 5, 2019.  Sales for the eleven months ended January 4, 2020 were $771.8 million, down 1% compared to sales of $776.7 million for the eleven months ended January 5, 2019.  The Company's year-to-date same-store sales were up 2%."December same store sales were below our current trend," stated John Cato, Chairman, President, and Chief Executive Officer.The Company closed 21 stores in December.  As of January 4, 2020, the Company operated 1,281 stores in 31 states, compared to 1,316 stores in 33 states as of January 5, 2019.The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Verso Show less Read more
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