Cato Corp. (CATO) Nov. Comps Rose 1%

Cato Corp. (NYSE: CATO) reported sales for the four weeks ended November 28, 2015 of $76.0 million, a 3% increase over sales of $73.8 million for the four week period ended November 29, 2014. Same-store sales for the month were up 1% to the prior year.

Sales for the ten months ended November 28, 2015 were $830.1 million, a 2% increase from sales of $813.8 million for the ten months ended November 29, 2014. The Company's year-to-date same-store sales decreased 1%.

"November same-store sales were slightly above expectations," stated John Cato, Chairman, President, and Chief Executive Officer. "However, we remain cautious for the rest of the holiday shopping season and fourth quarter."

In November, the Company opened three new stores and relocated one store. New stores opened in Guymon, OK, Farmington, NM, and Huntsville, AL. The relocated store was in Eagle Pass, TX. As of November 28, 2015, the Company operated 1,373 stores in 32 states, compared to 1,348 stores in 32 states as of November 29, 2014.

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