Cato Corp. (CATO) Reports Q4 EPS of $0.92

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Go back to Cato Corp. (CATO) Reports Q4 EPS of $0.92

Cato Reports 1Q Net Income

May 20, 2021 7:00 AM EDT

CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $20.7 million or $0.92 per diluted share for the first quarter ended May 1, 2021, compared to a net loss of $28.4 million or ($1.19) per diluted share for the first quarter ended May 2, 2020. 

Sales for fiscal 2020 were significantly impacted by the closure of our stores for six weeks due to the COVID-19 pandemic, beginning March 19, 2020. Due to the impact of the unprecedented closures, the Company will report sales compared to each of the past two years.  Sales for the... More