Close

Cato Corp. (CATO) March Same-Store Sales Increase 6%

April 12, 2018 7:07 AM EDT

The Cato Corporation (NYSE: CATO) today reported sales for the five weeks ended April 7, 2018 of $96.9 million, a 4% increase over sales of $93.1 million for the five week period ended April 1, 2017. Same-store sales for the five weeks ended April 7, 2018 increased 6% from the five weeks ended April 8, 2017. March 2018 same-store sales are compared to the five week period ended April 8, 2017 due to the 53rd week in fiscal 2017.

"March sales were positively impacted by the shift of Easter from April last year to March this year," stated John Cato, Chairman, President, and Chief Executive Officer. "Due to this shift, the best way to measure our performance is by combining sales for the two months. We expect April same-store sales to be in the high negative single digits and the combined two months' same-store sales to be in the low negative single digits."

As of April 7, 2018, the Company operated 1,351 stores in 33 states, compared to 1,373 stores in 33 states as of April 1, 2017.

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It's Fashion". The Company's Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day. The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com. Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day. Select Versona merchandise can also be found at www.shopversona.com. It's Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.



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

You May Also Be Interested In





Related Categories

Corporate News, Management Comments, Retail Sales

Related Entities

Earnings