Cato (CATO) Dec Comps Up 7%, Raises Guidance
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The Cato Corporation (NYSE: CATO) said December Same-store sales rose 7%.
Cato now estimate fourth quarter earnings will be in the range of $0.20 to $0.22 per diluted share versus original guidance of $0.08 to $0.13 and $0.13 last year (cons $0.14). The Company's estimate for the full year earnings per diluted share is a range of $1.51 to $1.53 vs. $1.01 last year, an increase of 50% to 51% (cons $1.44).
Cato now estimate fourth quarter earnings will be in the range of $0.20 to $0.22 per diluted share versus original guidance of $0.08 to $0.13 and $0.13 last year (cons $0.14). The Company's estimate for the full year earnings per diluted share is a range of $1.51 to $1.53 vs. $1.01 last year, an increase of 50% to 51% (cons $1.44).
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