Cato Corp. (CATO) August Comps Rose 4%

Cato Corp. (NYSE: CATO) reported sales for the four weeks ended August 29, 2015 of $67.0 million, a 5% increase over sales of $63.6 million for the four week period ended August 30, 2014. Same-store sales in August were up 4% to the prior year.

Sales for the thirty weeks ended August 29, 2015 were $597.7 million, up 1% to sales of $589.8 million for the thirty weeks ended August 30, 2014. The Company's year-to-date same-store sales decreased 1%.

"August same-store sales were above our expectations and higher than our recent trend. However, due to strong sales in the back half of last year, we remain cautious for the remainder of the year," commented John Cato, Chairman, President, and Chief Executive Officer.

During the month of August, the Company opened new stores in Euless and Palmhurst, TX, Oklahoma City, OK, Des Moines, IA, and Asheville, NC. The Company also relocated a store in Tuscaloosa, AL. As of August 29, 2015, the Company operated 1,363 stores in 32 states, compared to 1,334 stores in 32 states as of August 30, 2014.

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