Cato Corp. (CATO) Nov. Comps Rose 7%

Cato Corp. (NYSE: CATO) reported sales for the four weeks ended November 29, 2014 of $73.8 million, a 10% increase over sales of $67.3 million for the four week period ended November 30, 2013. Same-store sales for the month were up 7% to the prior year.

Sales for the ten months ended November 29, 2014 were $813.8 million, a 7% increase from sales of $762.6 million for the ten months ended November 30, 2013. The Company's year-to-date same-store sales increased 4%.

"November same-store sales were 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 five new stores and relocated two stores. New stores opened in West Palm Beach and Jacksonville, FL, Lansing and Norton Shores, MI and Tyler, TX. The relocated stores were in Union, SC and Danville, VA. The Company also celebrated the one-year anniversary of its online shopping website during November. As of November 29, 2014, the Company operated 1,348 stores in 32 states, compared to 1,328 stores in 32 states as of November 30, 2013.

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