Cato Corp. (CATO) February Comps Fall 25%

The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended February 25, 2017 of $63.9 million, a 25% decrease over sales of $84.7 million for the four week period ended February 27, 2016. Same-store sales for the month decreased 25% from the prior year.

"Unfortunately, February sales continued to decline and were significantly lower due to delayed tax refunds," stated John Cato, Chairman, President, and Chief Executive Officer.

As of February 25, 2017, the Company operated 1,371 stores in 33 states, compared to 1,372 stores in 32 states as of February 27, 2016.

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. Additional information on The Cato Corporation is available at www.catocorp.com.

You May Also Be Interested In

• Digital Brands Group to send compliance demands over stock settlement issues
• Paramount defends Skydance-WBD merger amid state AG lawsuit
• Genco board rejects Diana Shipping's extended $24.80 tender offer