Cato Corp. (CATO) Tops Q2 EPS by 3c, Comps Fall 2%

Cato Corp. (NYSE: CATO) reported Q2 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $229.4 million versus the consensus estimate of $237 million. Second quarter same-store sales decreased 2%.

"Same-store sales continue to be affected by slow economic growth, high unemployment and our customers' limited discretionary spending," said John Cato, Chairman, President, and Chief Executive Officer. "We expect this difficult environment to continue in the second half. We project second half earnings per diluted share will be within our original guidance range of $.19 to $.32."

For earnings history and earnings-related data on Cato Corp. (CATO) click here.

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