Cato Corporation (CATO); Reports July Sales, Q2 Revenues and Updates Estimates

August 2, 2012 7:08 AM EDT Send to a Friend
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The Cato Corporation (NYSE: CATO) reported sales of $63.4 million for the four weeks ended July 28, 2012, up 1% to sales of $63.0 million for the four weeks ended July 30, 2011. Same-store sales for the month were down 2% to the prior year.

Sales for the second quarter ended July 28, 2012 were $231.5 million, down 1% from sales of $234.1 million for the second quarter ended July 30, 2011. Second quarter same-store sales decreased 4%. (Consensus is $237.7 million)

CEO said, "We now expect second quarter earnings per diluted share to be near the high end of our original range of $.53 to $.57 vs. $.61 last year, a decrease of 13% to 7%." (no Q2 estimate available)


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