Cato Corp (CATO) Oct Comps Flat, Raises EPS Guidance
The Cato Corporation (NYSE: CATO) October same-store sales were flat.
Sales for the third quarter ended October 31, 2009 were $191.0 million, a 6% increase over sales of $179.8 million for the third quarter ended November 1, 2008. Same-store sales for the third quarter increased 4% over the prior year.
Cato now expect earnings per diluted share will be in the range of $.07 to $.09 compared to previous guidance of $.03 to $.05 and $.03 last year.
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