Cato Corp. (CATO) November Comps Decline 8%

The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended November 25, 2017 of $62.2 million, a 9% decrease from sales of $68.2 million for the four week period ended November 26, 2016. Same-store sales for the month decreased 8%.

Sales for the ten months ended November 25, 2017 were $693.2 million, a 13% decrease from sales of $797.4 million for the ten months ended November 26, 2016. The Company's year-to-date same-store sales decreased 13%.

"The November same store sales decline is consistent with our current trend," stated John Cato, Chairman, President, and Chief Executive Officer. "Consequently, we continue to expect our full year earnings to be significantly below last year."

As of November 25, 2017, the Company operated 1,370 stores in 33 states, compared to 1,374 stores in 33 states as of November 26, 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.

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