Cato Corp. (CATO) Tops Q3 EPS by 4c; Comps Rose 2%; FY15 EPS Outlook Updated

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Go back to Cato Corp. (CATO) Tops Q3 EPS by 4c; Comps Rose 2%; FY15 EPS Outlook Updated

Cato Reports 3Q EPS Up 50%

November 19, 2015 7:00 AM EST

CHARLOTTE, N.C., Nov. 19, 2015 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $8.3 million for the third quarter ended October 31, 2015, compared to net income of $5.7 million for the third quarter ended November 1, 2014, an increase of 46%.  Earnings per diluted share for the third quarter were $0.30, compared to $0.20 last year, an increase of 50%.  Sales for the third quarter ended October 31, 2015 were $223.3 million, a 4% increase over sales of $213.8 million for the third quarter ended November 1, 2014.  Same-store sales for the quarter increased 2%.

For the nine months ended October 31, 2015, the Company earned... More