Cato Corp. (CATO) Misses Q2 EPS by 1c

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Cato Reports 2Q EPS Flat To Last Year

August 20, 2015 7:00 AM EDT

CHARLOTTE, N.C., Aug. 20, 2015 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $15.6 million or $.56 per diluted share for the second quarter ended August 1, 2015, compared to net income of $15.7 million or $.56 per diluted share for the second quarter ended August 2, 2014.  Net income and earnings per diluted share were flat to the prior year.  Sales for the second quarter ended August 1, 2015 were $249.2 million, up 2% from sales of $243.8 million last year.  Second quarter same-store sales were flat to last year.

For the six months ended August 1, 2015, the Company earned... More