Cato Incurs Wider Q3 Loss, Sales Drop Y/Y Amid Operational Challenges [Yahoo! Finance]
Cato Corporation (The) Class A (CATO)
Last cato corporation (the) class a earnings: 3/16 07:00 am
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Source: Yahoo! Finance
underperforming the S&P 500 index's 0.6% growth over the same period. Over the past month, Cato stock has declined 41.6%, contrasting with the S&P 500's 2.6% increase, underscoring a challenging market reaction to the company's latest financial performance. Cato incurred a net loss of 79 cents per share for the third quarter, wider than the net loss of 30 cents per share recorded in the same quarter of 2023. Quarterly sales fell 8% year over year to $144.6 million compared to $156.7 million in the prior-year period. Same-store sales for the quarter decreased by 3%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Cato Corporation price-consensus-eps-surprise-chart | The Cato Corporation Quote Gross margin for the quarter fell to 28.8% of sales, down from 32.5% in the same quarter last year. This contraction was driven by increased markdowns, higher freight and distribution expenses, and elevated occupancy costs. Selling, general, and administra
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CATO
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Cato Corporation - CATOAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Cato Corporation - CATOAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Cato Corporation - CATOAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Cato Corporation - CATOAccesswire
- CATO ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by The Cato CorporationAccesswire
CATO
Sec Filings
- 11/26/24 - Form 10-Q
- 11/25/24 - Form 8-K
- 11/8/24 - Form SCHEDULE
- CATO's page on the SEC website