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

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)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Flowers Foods (FLO) Misses Q2 EPS by 3c; Offers Guidance
• Bill.com (BILL) Tops Q4 EPS by 14c, Beats on Revenue; Offers FY27 Guidance
• Nordson Corp. (NDSN) Tops Q3 EPS by 16c; Offers Guidance