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CATO CORP - $CATO STOCK NEWS

Welcome to our dedicated page for CATO news (Ticker: $CATO), a resource for investors and traders seeking the latest updates and insights on CATO stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CATO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CATO's position in the market.

News
CATO REPORTS 4Q AND FULL YEAR LOSS
Rhea-AI Summary
The Cato (CATO) reported a net loss of ($23.4) million for Q4 2023, with sales decreasing by 3%. Full-year net loss was ($23.9) million. Gross margin improved but expenses rose. The company plans to open new stores and close underperforming ones in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.29%
Tags
conferences
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News
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
The Cato Corporation (CATO) declared a quarterly dividend of $0.17 per share, with an annualized yield of 10.3%. The company operates three retail concepts offering value-priced fashion apparel and accessories. The press release also includes forward-looking statements regarding operational and financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.42%
Tags
dividends
-
News
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
The Cato Corporation (NYSE: CATO) declares a regular quarterly dividend of $0.17 per share, representing an annualized yield of 9.7%. The company operates three concepts: 'Cato,' 'Versona,' and 'It's Fashion,' offering value-priced fashion apparel and accessories. The dividend will be payable on January 2, 2024, to shareholders of record on December 18, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
dividends
News
CATO REPORTS 3Q RESULTS
Rhea-AI Summary
Cato Corporation (CATO) Reports Net Loss and Declining Sales, Despite Improved Gross Margin Rate. The Company Attributes Sales Decline to Economic Conditions and Changing Consumer Spending Habits, Highlighting the Impact of COVID-19. Cato Opens New Stores but Closes Others, Reflecting a Shift in Retail Strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.23%
Tags
conferences earnings
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News
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
The Cato Corporation declares a regular quarterly dividend of $0.17 per share, representing an annualized yield of 8.8% at the closing market price on August 24, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
dividends
-
News
CATO REPORTS 2Q RESULTS
Rhea-AI Summary
The Cato Corporation reported a net income of $1.1 million or $0.06 per diluted share for Q2 2023, compared to a net loss of $2.3 million or ($0.11) per diluted share for Q2 2022. Sales for Q2 2023 were $181.2 million, a decrease of 7% from Q2 2022. Same-store sales decreased 5% compared to 2022. For the six months ended July 29, 2023, net income was $5.6 million or $0.27 per diluted share, compared to $7.4 million or $0.35 per diluted share for the same period in 2022. Sales for the six months decreased 7% to $371.5 million. Gross margin increased to 35.1% in Q2 2023 from 32.4% in Q2 2022. SG&A expenses as a percent of sales increased from 31.2% to 34.0% in Q2 2023. The company opened two new stores, relocated one store, and closed 19 stores during the quarter. As of July 29, 2023, Cato Corporation has 1,247 stores in 31 states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.26%
Tags
conferences earnings
News
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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News
CATO REPORTS 1Q EARNINGS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
conferences earnings
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News
CATO REPORTS 4Q AND FULL YEAR EARNINGS
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
conferences earnings
News
THE CATO CORPORATION ANNOUNCES REGULAR QUARTERLY DIVIDEND AND INCREASED SHARE REPURCHASE AUTHORIZATION
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
buyback dividends
Stock CATO logo
CATO CORP

NYSE:CATO

CATO Rankings

#4256 Ranked by Market Cap
#4396 Ranked by Stock Gains
#56 Ranked by Dividends

CATO Stock Data

105.08M
15.80M
8.86%
52.08%
6.12%
Men's Clothing Stores
Retail Trade
Link
United States of America
CHARLOTTE

About CATO

the cato corporation, a leading specialty retailer with corporate offices located in charlotte, nc, operates under three concepts, “cato”, “versona” and “it’s fashion”. each concept targets a different customer base, occupies a unique niche, and provides growth opportunities. across all concepts, the company provides the latest in fashion apparel and accessories, superior customer service and exceptional values.the cato brand offers a broad assortment of on-trend fashion styles for any occasion – work or play, dressy or casual in missy and plus sizes at value prices every day. the company focuses on delivering excellence in fit, quality, fabrics and selection. you can find new fashions every week in our stores and online, www.catoashions.com.it’s fashion serves a younger customer with junior and junior plus-inspired fashions at low prices every day. our it’s fashion metro stores are an expanded version of it’s fashion, offering trendy fashions for the entire family at great values