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

Article Stock Quotes (1) Comments (0)

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)

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Abercrombie & Fitch Co. (ANF) Misses Q1 EPS by 4c; Guides FY Below Views
• Best Buy (BBY) Posts Q1 adj.-EPS of 32c; Comps Down 1.1%
• salesforce.com, Inc. (CRM) Reports In-Line Q1 EPS; Issues In-Line Q2, FY14 Outlook

Create E-mail Alert Related Categories

Earnings, Guidance, Retail Sales

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?