Company Overview of The Cato Corporation
The Cato Corporation operates as a specialty retailer of fashion apparel and accessories in the Southeastern United States. It operates in two segments, Retail and Credit. The company’s stores offer a range of apparel and accessories for women, including dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as dressy, career, and casual sportswear. Its stores also offer men’s wear, and lines for kids and newborns. The company operates its stores primarily under the Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro, and Versona Accessories names. As of November 01, 2014, the company operated 1,318 stores in 32 states. It also provides credit cards to its custo...
8100 Denmark Road
Charlotte, NC 28273
Founded in 1946
Key Executives for The Cato Corporation
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice President
Total Annual Compensation: $386.3K
Executive Vice President of Merchandising Cato & Versona Concepts
Total Annual Compensation: $407.5K
Executive Vice President and Director of Stores
Total Annual Compensation: $339.0K
Chief Real Estate & Store Development Officer and Executive Vice President
Total Annual Compensation: $307.5K
Compensation as of Fiscal Year 2013.
The Cato Corporation Key Developments
The Cato Corporation Reports Sales Results for the Five Weeks and Eleven Months Ended January 3, 2015; Revised Earnings Guidance for the Fourth Quarter and Full Year of Fiscal 2014
Jan 8 15
The Cato Corporation reported sales results for the five weeks and eleven months ended January 3, 2015. For the month, the company reported sales of $109.2 million, a 9% increase from sales of $100.1 million for the five weeks ended January 4, 2014. Same-store sales for the month increased 6%. December same-store sales results were positively impacted by the weather and were above expectations.
Sales for the eleven months ended January 3, 2015 were $923.0 million, a 7% increase from sales of $862.7 million for the eleven months ended January 4, 2014. The company's year-to-date same-store sales increased 4%.
The company now expects that fourth quarter earnings per diluted share will be within the range of $0.25 to $0.29, against its original guidance of $0.13 to $0.17 and $0.13 last year. Increased earnings per diluted share are primarily due to higher sales and lower taxes.
The company's estimate for full year earnings per diluted share is now in the range of $2.07 to $2.11 versus its most recent guidance of $1.95 to $1.99 and $1.86 last year. Reflected in both the fourth quarter and full year revised guidance is the positive effect of $0.02 and $0.09, respectively, for 2014 share repurchases.
The Cato Corp. Reports Sales Results for the Four Weeks and Year-To-Date Ended November 29, 2014
Dec 4 14
The Cato Corp. reported sales results for the four weeks and year-to-date ended November 29, 2014. For the four weeks, the company reported sales increased 10% to $73.8 million, up from sales of $67.3 million for the corresponding period a year ago. Same-store sales for the month were up 7%.
For the year-to-date, the company reported sales totaled $813.8 million, a 7% increase from sales of $762.6 million a year earlier. Same-store sales are up 4%.
The Cato Corporation Announces Regular Quarterly Dividend, Payable on January 5, 2015
Nov 26 14
The Board of Directors of The Cato Corporation declared a regular quarterly dividend of $0.30 per share. The dividend will be payable on January 5, 2015 to shareholders of record on December 15, 2014.
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