April 21, 2018 3:28 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 primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company’s stores and e-commerce Websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags. It also provides men’s wear, as well as lines for kids and newborns. The company operates its stores and e-commerce Websites under the Cato, Cato Fashions, Cato Plus, It’s Fashion, It’s Fashion Metro, and Versona names. As of February 3, 2018, it operated 1,351 stores in 33 s...

8100 Denmark Road

Charlotte, NC 28273

United States

Founded in 1946

10,500 Employees

Phone:

704-554-8510

Key Executives for The Cato Corporation

Chairman, President & CEO
Age: 67
Total Annual Compensation: $1.2M
Executive VP & CFO
Age: 54
Total Annual Compensation: $429.0K
Executive VP & Director of Stores
Age: 54
Total Annual Compensation: $371.5K
Executive VP and Chief Real Estate & Store Development Officer
Age: 61
Total Annual Compensation: $337.5K
Compensation as of Fiscal Year 2016.

The Cato Corporation Key Developments

The Cato Corporation Reports Sales for the Five Weeks Ended April 7, 2018

The Cato Corporation reported sales for the five weeks ended April 7, 2018. For the period the company reported sales of $96.9 million, a 4% increase over sales of $93.1 million for the five week period ended April 1, 2017. Same-store sales increased 6% from the five weeks ended April 8, 2017. March 2018 same-store sales are compared to the five week period ended April 8, 2017 due to the fifty third week in fiscal 2017.

The Cato Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended February 3, 2018; Provides Earnings Guidance for the Full Year of 2018; Expects to Close 34 Store by the End of 2018

The Cato Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended February 3, 2018. For the quarter, the company reported total revenues of $213,006,000 against $220,447,000 a year ago. Loss before income taxes was $7,820,000 against $22,420,000 a year ago. Net loss was $15,505,000 or $0.62 per basic and diluted share against $12,809,000 or $0.48 per basic and diluted share a year ago. For the year, the company reported total revenues of $849,981,000 against $956,569,000 a year ago. Income before income taxes was $15,973,000 against $49,114,000 a year ago. Net income was $8,540,000 or $0.34 per basic and diluted share against $47,212,000 or $1.72 per basic and diluted share a year ago. For the year of 2018, the company expects capital expenditures to be approximately $7 million for continued investment to enhance and upgrade existing systems. Depreciation is expected to be approximately $16 million for the year. The effective tax rate is expected to be approximately 12%. For the year of 2018, the company expects closing up to 34 stores by year-end.

The Cato Corporation(NYSE:CATO) dropped from S&P Retail Select Industry Index

The Cato Corporation(NYSE:CATO) dropped from S&P Retail Select Industry Index

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