CATO

Shares of The Cato Corporation CATO have gained 0.3% since the company reported earnings for the quarter ended May 2, 2026, compared with the S&P 500 index’s 1.1% change over the same period. Over the past month, the stock has risen 8.1%, outperforming the broader market’s 5.6% increase. Cato reported net income of 47 cents per share for the first quarter of 2026, sharply higher than 17 cents per share in the year-ago quarter. Sales increased 0.7% year over year to $169.5 million from $168.4 million, while same-store sales rose 3%. Gross margin expanded to 37.2% of sales from 35.1% a year earlier, and selling, general and administrative expenses declined to $53.9 million from $55.3 million. Net income of $9.3 million denoted a sharp rise from $3.3 million in the year-ago quarter. The Cato Corporation price-consensus-eps-surprise-chart | The Cato Corporation Quote Cato’s first-quarter profitability benefited significantly from a refund claim related to International Emergency Economic Powers Act (IEEPA) tariffs. The company said the pre-tax tariff refund totaled $5.7 million and contributed to higher gross margin during the quarter. However, management noted that merchandise contribution was pressured by higher sales of marked-down goods. Cost of goods sold declined to $106.3 million from $109.3 million in the prior-year quarter despite slightly higher sales, helping improve merchandise margins. SG&A expenses fell 2.5% year over year due to lower corporate payroll expense, reduced insurance costs and lower equipment maintenance expenses, partially offset by higher incentive compensation expense. SG&A expenses as a percentage of sales improved to 31.8% from 32.8% last year. Income before taxes more than doubled to $9.8 million from $4.2 million a year earlier, while income tax expense declined to $0.5 million from $0.9 million, primarily due to lower foreign taxes. Chairman, president and chief executive officer John Cato said the company’s results were aided by the tariff refund claim but acknowledged that sales momentum weakened as the quarter progressed. Management cited higher fuel prices as a key factor pressuring customers’ discretionary spending. According to the company, inflationary pressures tied to fuel and food costs are expected to continue weighing on consumer demand in the near term. The company stated that, for the foreseeable future, it expect...

CHARLOTTE, N.C., May 21, 2026 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $9.3 million or $0.47 per diluted share for the first quarter ended May 2, 2026, compared to net income of $3.3 million or $0.17 per diluted share for the first quarter ended May 3, 2025. Sales for the first quarter ended May 2, 2026 were $169.5 million, or an increase of 0.7% from sales of $168.4 million for the first quarter ended May 3, 2025. The Company's same-store sales for the quarter increased 3%. "Our results significantly benefited from the refund claim of IEEPA (International Emergency Economic Powers Act) tariffs in the quarter. Our sales trend softened as the quarter continued in part due to higher fuel prices pressuring our customers' discretionary income," said John Cato, Chairman, President and Chief Executive Officer." For the foreseeable future we expect our sales to be negatively impacted by rising inflation, especially fuel and food prices, which will reduce our customers' discretionary income." First quarter gross margin as a percentage of sales was 37.2% in 2026 and 35.1% in 2025. The increase in gross margin as a percentage of sales is due in part to a pre-tax $5.7 million tariff refund claim partially offset by lower merchandise contribution caused in part by higher sales of marked-down goods. Selling, General and Administrative expense decreased to $53.9 million in the first quarter of 2026 from $55.3 million in 2025 due to decreases in corporate payroll expense, insurance costs and equipment maintenance partially offset by incentive compensation expense. Selling, General and Administrative expense as a percentage of sales decreased to 31.8% in 2026 compared to 32.8% in 2025. Interest and other income were $1.2 million in both 2026 and 2025. Income tax expense for the quarter decreased to $0.5 million in 2026 from $0.9 million in 2025. The decrease in tax expense is primarily due to a reduction in foreign taxes. Additionally, the Company bought back 107,823 shares during the quarter. During the first quarter ended May 2, 2026, the Company opened two stores and closed six stores. As of May 2, 2026, the Company operated 1,065 stores in 31 states, compared to 1,109 stores in 31 states as of May 2, 2025. The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "...

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported earnings of $9.3 million in its fiscal first quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 47 cents. The clothing retailer posted revenue of $171.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATO

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported a loss of $10.9 million in its fiscal fourth quarter. The Charlotte, North Carolina-based company said it had a loss of 55 cents per share. The clothing retailer posted revenue of $151.7 million in the period. For the year, the company reported a loss of $5.9 million, or 31 cents per share. Revenue was reported as $653.8 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATO

CHARLOTTE, N.C., Nov. 20, 2025 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported a net loss of $5.2 million or ($0.28) per diluted share for the third quarter ended November 1, 2025, compared to a net loss of $15.1 million or ($0.79) per diluted share for the third quarter ended November 2, 2024. Sales for the third quarter ended November 1, 2025 were $153.7 million, an increase of 6% from sales of $144.6 million for the third quarter ended November 2, 2024. The Company's same-store sales for the quarter increased 10% compared to 2024. For the nine months ended November 1, 2025, the Company reported net income of $5.0 million or $0.25 per diluted share, compared to a net loss of $4.0 million or ($0.24) per diluted share for the nine months ended November 2, 2024. Sales for the nine months ended November 1, 2025 were $496.8 million, an increase of 2% to sales of $486.8 million for the nine months ended November 2, 2024. Year-to-date same-store sales increased 6% compared to 2024. "Our positive second quarter sales trend continued into the third quarter. We attribute this, in part due to 2024 third quarter sales being negatively impacted by three major hurricanes over a five week span and supply chain issues causing late merchandise receipts to the stores," stated John Cato, Chairman, President, and Chief Executive Officer. "We believe the fourth quarter will be challenging due in part to the slowdown in employment growth and lower expected economic growth. We will continue to tightly manage our expenses and inventory levels, while driving continued sales growth in the fourth quarter." Gross margin increased from 28.8% to 32.0% of sales in the quarter due to lower freight, distribution, buying and occupancy costs as a percent of sales, partially offset by higher markdowns. SG&A expenses as a percent of sales decreased from 40.0% to 37.1% of sales during the quarter primarily due to lower payroll, professional fees and insurance costs as a percent of sales. SG&A expenses were $57.0 million, a $0.9 million reduction compared to last year. The tax benefit for the quarter was $1.2 million versus tax expense of $0.3 million in the prior year, primarily due to a reduction in foreign income taxes and an increase in the roll-off of reserves for uncertain tax positions in the current year. Year-to-date gross margin increased to 34.5% of sales from 33.3%...

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported a loss of $5.2 million in its fiscal third quarter. The Charlotte, North Carolina-based company said it had a loss of 28 cents per share. The clothing retailer posted revenue of $155.4 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATO

Revenue: US$176.5m (up 4.7% from 2Q 2025). Net income: US$6.51m (up by US$6.41m from 2Q 2025). Profit margin: 3.7% (up from 0.1% in 2Q 2025). EPS: US$0.35 (up from US$0.005 in 2Q 2025). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Cato shares are up 11% from a week ago. What about risks? Every company has them, and we've spotted 3 warning signs for Cato (of which 1 doesn't sit too well with us!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Shares of The Cato Corporation CATO have surged 39.1% since the company reported its fiscal second-quarter results on Aug. 2, 2025, far outpacing the S&P 500 index’s modest 0.8% growth over the same period. Over the past month, the stock has advanced 32.1% compared with a 1% increase in the broader benchmark, reflecting strong investor enthusiasm following the earnings release. In the second quarter, Cato reported net income of 35 cents per share, up from 1 cent per share in the same quarter last year. Sales increased 5% year over year to $174.7 million from $166.9 million, driven largely by a 9% same-store sales increase. This performance underscores a sharp improvement in profitability compared to the prior year, when supply chain disruptions weighed on results. Cato’s net income of $6.8 million denoted a significant jump from $0.1 million in the same quarter last year. The Cato Corporation price-consensus-eps-surprise-chart | The Cato Corporation Quote Gross margin improved to 36.2% of sales in the quarter, up from 34.6% a year earlier. The expansion was attributed to lower distribution and buying costs, partially offset by reduced merchandise margins. Selling, general and administrative (SG&A) expenses also declined as a share of sales, falling to 32.8% from 34.9% in the prior-year quarter, reflecting lower payroll and insurance costs despite higher advertising and corporate expenses. Chairman, president, and CEO John Cato noted that sales trends continued to improve in the second quarter, partly because last year’s results were negatively impacted by supply chain disruptions. However, management remained cautious, highlighting uncertainty in the second half of 2025 tied to tariffs and potential cost pressures on product acquisition. The company emphasized its ongoing focus on managing expenses tightly to navigate these challenges. Several elements contributed to the quarter’s stronger showing. Improved same-store sales growth was a key driver, reflecting healthier consumer demand and more stable inventory flows. The improved gross margin benefited from reduced distribution and buying costs, while lower payroll and insurance expenses helped reduce SG&A. At the same time, the company recognized some offsetting factors, including lower merchandise margins and rising advertising and corporate costs. Income tax treatment also played a role in boosting profit...

Stock futures are slightly drifting after a four-day dip in the S&P 500, as investors await cues from the Jackson Hole symposium for signals on a potential September rate cut. Simultaneously, momentum has cooled in tech stocks following a sharp recent selloff. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Commodity moves are modest. Gold has edged lower as the dollar strengthens, while Brent crude has gained ground. Defensive sectors, notably healthcare and insurance, are showing relative resilience as a rotation continues away from overheated tech names. In pre-market trading, S&P 500 futures fell 0.42%, Nasdaq futures fell 0.44% and Dow futures fell 0.41% Check out this morning’s top movers from around Wall Street, compiled by The Fly, and subscribe on YouTube for the daily Fly By. UP AFTER EARNINGS – Cato Corp. (CATO) up 21% SelectQuote (SLQT) up 15% ScanSource (SCSC) up 6% Full Truck Alliance (YMM) up 3% LSI Industries (LYTS) up 1% DOWN AFTER EARNINGS – Walmart (WMT) down 3% Canadian Solar (CSIQ) down 15% Bilibili (BILI) down 3% Coty (COTY) down 18% LOWER – Two Harbors (TWO) down 3% after entering into a settlement agreement resolving all claims in its litigation with Pine River under which the company has agreed to make a one-time cash payment of $375M Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on TipRanks >> Read More on SCSC: Disclaimer & DisclosureReport an Issue ScanSource sees FY26 revenue $3.1B-$3.3B, consensus $3.15B ScanSource reports Q4 EPS $1.02, consensus 92c SCSC Upcoming Earnings Report: What to Expect?

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported earnings of $6.8 million in its fiscal second quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had profit of 35 cents. The clothing retailer posted revenue of $176.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CATO at https://www.zacks.com/ap/CATO

CHARLOTTE, N.C., Aug. 21, 2025 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $6.8 million or $0.35 per diluted share for the second quarter ended August 2, 2025, compared to net income of $0.1 million or $0.01 per diluted share for the second quarter ended August 3, 2024. Sales for the second quarter ended August 2, 2025 were $174.7 million, or an increase of 5% from sales of $166.9 million for the second quarter ended August 3, 2024 primarily due to a 9% same-store sales increase for the quarter compared to 2024. For the six months ended August 2, 2025, the Company reported net income of $10.1 million or $0.51 per diluted share, compared to net income of $11.1 million or $0.54 for the six months ended August 3, 2024. Sales for the six months ended August 2, 2025 were $343.1 million, an increase of 0.3% from sales of $342.2 million for the six months ended August 3, 2024 primarily due to a 4% same-store sales increase compared to 2024, mostly offset by the impact of closed stores. "Our sales trend continued to improve during the second quarter. We attribute this improvement in part due to 2024 sales being impacted by supply chain disruptions," stated John Cato, Chairman, President, and Chief Executive Officer. "We will continue to tightly manage our expenses as we anticipate the back half of 2025 to be challenging due to the continued uncertainty regarding tariffs and the potential negative impact on our product acquisition costs." Gross margin increased from 34.6% to 36.2% of sales in the quarter due to lower distribution and buying costs, partially offset by lower merchandise margins. SG&A expenses as a percent of sales decreased from 34.9% to 32.8% of sales during the quarter primarily due to lower payroll and insurance costs, partially offset by higher advertising and general corporate costs. Income tax benefit for the quarter was $0.3 million versus an income tax expense of $0.6 million in the prior year. Year-to-date gross margin increased from 35.2% of sales to 35.6% primarily due to lower distribution and buying costs, partially offset by lower merchandise margins. Year-to-date SG&A expenses were 32.8% as a percent of sales versus 33.6% in the prior year primarily due to lower payroll and insurance costs, partially offset by higher advertising expenses and general corporate costs. Income tax expense for the first half...

Shares of The Cato Corporation CATO have climbed 11.5% since the retailer released its earnings results for the quarter ended May 3, 2025, significantly outpacing the S&P 500 index’s 1.4% growth over the same period. On a broader basis, CATO shares are up 12% over the past month, again outperforming the S&P 500’s 6.5% rise. This relative strength suggests renewed investor optimism despite the company posting a noticeable year-over-year earnings decline. Cato reported first-quarter 2025 net income of 17 cents per share compared with 54 cents per share in the same period last year, a decline of approximately 69%. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Total revenues dropped 3.9% to $170.2 million from $177.1 million a year ago, with retail sales comprising the majority at $168.4 million. Notably, same-store sales were flat, reflecting challenges in driving organic growth amid a cautious consumer environment. Cato’s net income fell sharply to $3.3 million compared to $11 million in the same period last year. The Cato Corporation price-consensus-eps-surprise-chart | The Cato Corporation Quote Gross margin declined slightly to 35.1% of sales from 35.8% in the prior year quarter. This was attributed to a lower merchandise contribution driven by increased markdown activity, partially offset by reduced buying costs. Operating expenses were somewhat managed, as Selling, General and Administrative (SG&A) expenses declined 2.5% year over year to $55.3 million. However, as a percentage of sales, SG&A rose to 32.8% from 32.4%, reflecting the pressure of declining revenue on fixed costs. Depreciation costs rose to $2.6 million from $2 million, while interest and other income fell significantly to $1.2 million from $5.8 million. The previous year’s figure included a $3.2 million gain from land sales and income from equity securities, which did not recur this year. The resulting income before taxes declined 63.5% year over year to $4.2 million. Income tax expense rose to $0.9 million from $0.6 million, largely due to changes in state and foreign tax rates. Cato’s leadership emphasized the impact of a cautious consumer spending environment, with Chairman and CEO John Cato citing “general uncertainty regarding the economy and the potential impact of the proposed tariffs” as contributing factors to a restrained outlook. While sales trends improv...