Cato Corp. (CATO) Reports Q4 Loss of $0.13/Share

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Go back to Cato Corp. (CATO) Reports Q4 Loss of $0.13/Share

Cato Reports 4Q And Full-Year Earnings

March 21, 2019 7:00 AM EDT

CHARLOTTE, N.C., March 21, 2019 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported earnings for the fourth quarter and year ended February 2, 2019.  For the fourth quarter, the Company reported a net loss of $3.2 million, or a loss of $0.13 per diluted share, compared to a net loss of $15.5 million or a loss of $0.62 per diluted share for the prior fourth quarter ended February 3, 2018.  Full-year fiscal 2018 net income was $30.5 million or $1.23 per diluted share compared to $8.5 million or $0.34 per diluted share for 2017.  For the year, net income increased 257% and earnings per diluted share increased 262%... More