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.
Cato Corp (NYSE: CATO) operates as a leading specialty retailer of value-priced fashion apparel and accessories through its Cato, Versona, and It’s Fashion brands. This news hub provides investors and industry observers with centralized access to corporate announcements, financial disclosures, and strategic developments.
Key resources include: Quarterly earnings reports, leadership updates, store expansion notices, and merchandise strategy changes. All content is sourced from official company communications to ensure accuracy and timeliness.
Visitors will find chronological updates on operational milestones, including new collection launches, credit program enhancements, and market positioning shifts. The archive serves as both a research tool for financial analysis and a tracking mechanism for retail industry trends.
Bookmark this page for streamlined monitoring of Cato Corp’s evolving business strategy and market performance. Combine these updates with Stock Titan’s financial analysis tools for comprehensive investment research.
The Cato Corporation reported a net loss of $3.0 million or ($0.14) per diluted share for the fourth quarter ended January 28, 2023, an improvement from a net loss of $6.5 million or ($0.30) per diluted share in the same quarter of 2022. Full-year fiscal 2022 net income dropped to $0.0 million compared to $36.8 million in 2021. Sales grew by 2% in Q4 to $177.5 million despite a 1% decline in annual sales to $752.4 million. The gross margin decreased from 36.9% to 31.3% year-over-year due to markdowns and rising costs. The company plans to open up to 30 new stores while closing up to 50 in 2023, anticipating minimal financial impact.
The Cato Corporation (NYSE: CATO) declared a quarterly dividend of $0.17 per share, payable on April 3, 2023, to shareholders of record on March 21, 2023. This equates to an annualized dividend of $0.68, offering a yield of 7.4% based on the closing price on February 23, 2023. Additionally, the Board authorized an increase of 1,000,000 shares for its share repurchase program, previously capped at 135,000 shares. CEO John Cato emphasized that this decision aims to enhance long-term shareholder value while maintaining financial flexibility for dividends and growth initiatives.
The Cato Corporation (NYSE: CATO) has declared a regular quarterly dividend of $0.17 per share, payable on January 3, 2023, to shareholders on record by December 23, 2022. This dividend yields an annualized rate of 6.7% based on the closing price of $0.68 on November 17, 2022. As a prominent specialty retailer, Cato operates under three concepts—Cato, Versona, and It's Fashion—offering value-priced apparel and accessories that deliver fashion quality comparable to mall stores.
The Cato Corporation (NYSE: CATO) reported a net loss of $4.5 million or ($0.21) per diluted share for Q3 2022, contrasting sharply with a net income of $8.6 million or $0.39 per diluted share in Q3 2021. Sales rose 3% to $174.9 million, while same-store sales also increased by 3%. For the nine months ending October 29, 2022, net income was $3 million or $0.14 per share, down from $43.3 million or $1.93 per share year-over-year. Despite challenges from inflation affecting discretionary spending, the company opened 7 new stores during the quarter, totaling 1,317 stores across 32 states.
The Cato Corporation (NYSE: CATO) has declared a $0.17 quarterly dividend, payable on September 26, 2022 to shareholders of record on September 12, 2022. This dividend translates to an annualized payment of $0.68, reflecting a yield of 5.8% based on the market closing price on August 25, 2022. Cato operates three retail concepts: Cato, Versona, and It's Fashion, focusing on value-priced fashion apparel and accessories. The company's strategy emphasizes exclusive merchandise at competitive prices.
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