Cato Corp. (CATO) Tops Q1 EPS by 4c

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Go back to Cato Corp. (CATO) Tops Q1 EPS by 4c

Cato Reports 1Q EPS 16%

May 19, 2016 7:00 AM EDT

CHARLOTTE, N.C., May 19, 2016 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $35.9 million or $1.29 per diluted share for the first quarter ended April 30, 2016, compared to net income of $31.1 million or $1.11 per diluted share for the first quarter ended May 2, 2015.  Net income increased 15% and earnings per diluted share increased 16% for the quarter.  Sales for the first quarter were $285.5 million, or an increase of 1% from sales of $281.6 million for the first quarter ended May 2, 2015.   The Company's same-store sales for the quarter were flat to last year.

"Although... More