The Cato Corporation (CATO) May Comps Rose 3%

The Cato Corporation (NYSE: CATO) reported sales of $86.4 million for the four weeks ended May 31, 2014, a 6% increase versus sales of $81.7 million for the four weeks ended June 1, 2013. Same-store sales for the month increased 3%.

Sales for the seventeen weeks ended May 31, 2014 were $368.9 million, a 6% increase versus sales of $348.9 million for the seventeen weeks ended June 1, 2013. The Company's year-to-date same-store sales increased 3%.

"May sales continued our recent trend," stated John Cato, the Company's Chairman, President, and Chief Executive Officer. "However, we continue to expect the remainder of the year will be in line with our original guidance."

You May Also Be Interested In

• IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
• Silicon Motion Technology (SIMO) Announces CFO Change
• Beneficient (BENF) Responds to Claims Made by GWG Litigation Trustee