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.
The Cato Corporation reports retail operating results for its specialty apparel and accessories business under the Cato, Versona and It's Fashion concepts. The company sells value-priced fashion apparel, shoes, jewelry, handbags and related accessories through stores and e-commerce, with a store base operating across 31 states.
Recurring news covers quarterly and full-year earnings, sales and same-store sales, gross margin, distribution and buying costs, SG&A expense, tax items and store openings, relocations or closures. Company updates also address merchandise flow, supply chain costs, weather effects, tariff pressure, discretionary spending trends and board actions involving the regular quarterly dividend.
Cato (NYSE:CATO) reported first quarter 2026 net income of $9.3 million, or $0.47 per diluted share, up from $3.3 million, or $0.17, a year earlier. Sales rose 0.7% to $169.5 million and same-store sales increased 3%.
Gross margin improved to 37.2%, aided by a pre-tax $5.7 million tariff refund. SG&A fell to $53.9 million (31.8% of sales). Cato repurchased 107,823 shares and ended the quarter with 1,065 stores. Management expects inflation, especially fuel and food costs, to pressure future sales.
The Cato Corporation (NYSE: CATO) reported a Q4 net loss of $10.7 million (diluted loss $0.55) for the quarter ended Jan 31, 2026, versus a $14.1 million loss a year earlier. Full-year 2025 net loss improved to $5.9 million from $18.1 million in 2024.
Q4 sales were $150.0 million (down 3.4%); full-year sales rose 0.7% to $646.8 million with year-to-date same-store sales up 4%. Gross margin expanded to 29.2% in Q4 and 33.3% for the year; SG&A declined $5.0 million for fiscal 2025.
The Cato Corporation (NYSE: CATO) reported a third-quarter net loss of $5.2 million or ($0.28) per diluted share for the quarter ended November 1, 2025, versus a $15.1 million loss a year earlier. Q3 sales rose 6% to $153.7 million and same-store sales increased 10% versus 2024. Year-to-date, Cato recorded net income of $5.0 million or $0.25 per diluted share versus a $4.0 million loss last year, with nine-month sales of $496.8 million (+2%) and year-to-date same-store sales +6%.
Gross margin expanded to 32.0% from 28.8% in Q3 and SG&A rate improved to 37.1% from 40.0%. The company operated 1,101 stores as of November 1, 2025, versus 1,167 a year earlier.
Cato Corporation (NYSE: CATO) reported significant improvement in Q2 2025 financial results, with net income rising to $6.8 million ($0.35 per share) compared to $0.1 million ($0.01 per share) in Q2 2024. Q2 sales increased 5% to $174.7 million, driven by a strong 9% same-store sales growth.
The company's performance showed improved efficiency with gross margin expanding to 36.2% from 34.6%, while SG&A expenses decreased to 32.8% from 34.9% of sales. However, management expressed caution about the second half of 2025, citing concerns over tariffs and potential impacts on product costs. The company continued its store optimization strategy, closing 8 stores during Q2, operating 1,101 stores across 31 states as of August 2, 2025.
The Cato (NYSE: CATO) reported financial results for Q4 and full-year 2024. The company posted a Q4 net loss of ($14.1) million or ($0.74) per share, improving from ($23.4) million loss in Q4 2023. Full-year 2024 net loss was ($18.1) million.
Q4 sales decreased 10% to $155.3 million, with same-store sales declining 0.8% on a comparable 13-week basis. Annual sales fell 8.3% to $642.1 million, with same-store sales down 3.1%.
Key financial metrics include:
- Q4 gross margin declined to 28.0% from 31.0%
- SG&A expenses decreased to 37.8% from 39.2%
- Company operated 1,117 stores across 31 states
Looking ahead to 2025, Cato eliminated 40 corporate positions and plans to open up to 15 new stores while closing up to 50 underperforming locations. The company remains cautious due to economic challenges and tariff pressures.
The Cato (NYSE: CATO) announced the suspension of its regular quarterly dividend. The Board of Directors made this decision based on current economic conditions and sales trends. The company acknowledges that various factors, including interest rates, inflation, and their effects on customer discretionary spending and operational costs, influenced this decision.
Cato (NYSE: CATO) reported a challenging third quarter with a net loss of $15.1 million ($0.79 per share), compared to a $6.1 million loss in Q3 2023. Sales decreased 8% to $144.6 million, with same-store sales down 3%. The company faced multiple challenges including hurricane disruptions, supply chain issues, and higher distribution costs due to a carrier bankruptcy. Gross margin declined to 28.8% from 32.5%, while SG&A expenses increased to 40% of sales. Year-to-date, the company reported a net loss of $4.0 million on sales of $486.8 million, an 8% decrease from 2023. The company operated 1,167 stores across 31 states, down from 1,245 stores last year.
The Cato (NYSE: CATO) has announced a regular quarterly dividend of $0.17 per share, payable on September 30, 2024 to shareholders of record on September 16, 2024. This dividend represents an annualized yield of 14.0% based on the closing market price on August 29, 2024.
Cato is a leading specialty retailer of value-priced fashion apparel and accessories, operating three concepts: 'Cato,' 'Versona,' and 'It's Fashion.' The company offers exclusive merchandise comparable to mall specialty stores at low prices, with online availability for Cato and Versona products.
The Cato (NYSE: CATO) reported Q2 2024 results with net income of $0.1 million or $0.01 per diluted share, down from $1.1 million or $0.06 per share in Q2 2023. Sales decreased 8% to $166.9 million, primarily due to closed stores and a 2% same-store sales decline. For the first half of 2024, net income was $11.1 million or $0.54 per share, up from $5.6 million or $0.27 per share in 2023. Gross margin decreased to 34.6% from 35.1%, while SG&A expenses increased to 34.9% of sales from 34.0%. The company closed five stores during Q2, operating 1,166 stores across 31 states as of August 3, 2024.
The Cato (NYSE: CATO) has announced a regular quarterly dividend of $0.17 per share, payable on June 24, 2024, to shareholders of record as of June 10, 2024. This quarterly dividend, amounting to $0.68 annually, offers an annualized yield of 11.7%, based on the closing market price on May 23, 2024.
Cato operates three retail concepts: 'Cato,' 'Versona,' and 'It's Fashion,' specializing in value-priced fashion apparel and accessories. Their merchandise is available both in stores and online. The company notes that the press release contains forward-looking statements that are subject to various risks and uncertainties.