Cato Corp. (CATO) June Comps Fall 8%
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Cato Reports June Same-Store Sales Down 8%
July 7, 2016 7:00 AM EDTCHARLOTTE, N.C., July 7, 2016 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported sales of $88.0 million for the five weeks ended July 2, 2016, which were down 6% versus sales of $93.8 million for the five weeks ended July 4, 2015. Same-store sales for the five-week period were down 8% to last year.
Sales for the twenty-two weeks ended July 2, 2016 were $460.9 million, down 1% over sales of $463.9 million for the twenty-two weeks ended July 4, 2015. The Company's year-to-date same-store sales decreased 2%.
"June same-store sales were well below expectations," commented John Cato, Chairman, President, and Chief Executive... More
