May 28, 2017 3:41 PM ET

Specialty Retail

Company Overview of The Cato Corporation

Company Overview

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories in the southeastern United States. It operates through two segments, Retail and Credit. The company’s stores and e-commerce Website offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags for women. It also offers men’s wear, as well as lines for kids and newborns. The company operates its stores and e-commerce Websites primarily under the Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro, and Versona names. As of January 28, 2017, it operated 1,371 stores ...

8100 Denmark Road

Charlotte, NC 28273

United States

Founded in 1946

10,200 Employees

Phone:

704-554-8510

Key Executives for The Cato Corporation

Chairman, Chief Executive Officer and President
Age: 66
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice President
Age: 53
Total Annual Compensation: $429.0K
Executive Vice President and Director of Stores
Age: 53
Total Annual Compensation: $371.5K
Chief Real Estate & Store Development Officer and Executive Vice President
Age: 60
Total Annual Compensation: $337.5K
Compensation as of Fiscal Year 2016.

The Cato Corporation Key Developments

The Cato Corporation Declares Regular Quarterly Dividend, Payable on June 19, 2017

The board of directors of The Cato Corporation declared a regular quarterly dividend of $0.33 per share. The dividend will be payable on June 19, 2017 to shareholders of record on June 5, 2017.

The Cato Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 29, 2017

The Cato Corporation reported unaudited consolidated earnings results for the first quarter ended April 29, 2017. Total revenue was $237,655,000 against $285,497,000 last year. Income before income taxes was $26,060,000 against $50,181,000 last year. Net income was $22,233,000 or $0.85 per basic and diluted share compared to net income of $35,874,000 or $1.29 per basic and diluted share a year ago.

The Cato Corporation Reports Sales Results for the Quarter and Month Ended April 29, 2017

The Cato Corporation reported sales results for the quarter and month ended April 29, 2017. For the period, the company reported sales of $80.6 million a 2% decrease from sales of $81.9 million a year ago. Same-store sales were down 2% for the month. April sales were impacted by the shift of Easter from March last year to April this year.  Because of this shift, the best measure for performance is the combined sales for the two months, which decreased 13% overall and decreased 13% to the prior year on a same-store basis. Sales for the first quarter ended April 29, 2017 were $237.7 million, a 17% decrease from sales of $285.5 million for the first quarter ended April 30, 2016.  Same-store sales for the first quarter decreased 17% to last year.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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