Cato Corp. (CATO) August Comps Rose 4%
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Cato Reports August Same-store Sales Up 4%
September 3, 2015 7:00 AM EDTCHARLOTTE, N.C., Sept. 3, 2015 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales for the four weeks ended August 29, 2015 of $67.0 million, a 5% increase over sales of $63.6 million for the four week period ended August 30, 2014. Same-store sales in August were up 4% to the prior year.
Sales for the thirty weeks ended August 29, 2015 were $597.7 million, up 1% to sales of $589.8 million for the thirty weeks ended August 30, 2014. The Company's year-to-date same-store sales decreased 1%.
"August same-store sales were above our expectations and higher than our recent trend.... More
