Cato Corp. (CATO) Reports Flat May Comps

Cato Corp. (NYSE: CATO) reported sales of $88.5 million for the four weeks ended May 30, 2015, a 2% increase versus sales of $86.4 million for the four weeks ended May 31, 2014. Same-store sales for the month were flat to last year.

Sales for the seventeen weeks ended May 30, 2015 were $370.1 million, which were slightly higher than sales of $368.9 million for the seventeen weeks ended May 31, 2014. The Company's year-to-date same-store sales decreased 2%.

"May same store sales continued at our recent trend over the last several months at flat to last year," stated John Cato, the Company's Chairman, President, and Chief Executive Officer.

During the month of May, the Company opened one store and relocated three stores. A new store opened in Washington, MO and three stores relocated in Oxford, NC, Mobile, AL, and Fredericksburg, VA. As of May 30, 2015, the Company operated 1,353 stores in 32 states, compared to 1,325 stores in 32 states as of May 31, 2014.

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