CHARLOTTE, N.C., Nov. 21, 2024 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported a net loss of $15.1 million or ($0.79) per diluted share for the third quarter ended November 2, 2024, compared to a net loss of $6.1 million or ($0.30) per diluted share for the third quarter ended October 28, 2023. Sales for the third quarter ended November 2, 2024 were $144.6 million, a decrease of 8% from sales of $156.7 million for the third quarter ended October 28, 2023. The Company's same-store sales for ...

财务表现 - 公司第二季度总零售销售额为1.669亿美元，同比下降8%[86] - 公司前六个月总零售销售额为3.422亿美元，同比下降8%[86] - 同店销售额在第二季度下降2%，前六个月下降4%[86] - 电商销售额占总销售额不到5%[87] - 商品销售成本占零售销售额的比重从上年同期的64.5%上升至64.8%[90] - 销售、一般及管理费用占零售销售额的比重从上年同期的33.3%上升至33.6%[91] 门店管理 - 公司在2024财年预计关闭约65家门店[87] 其他收入 - 信用收入占总收入的0.4%，相关费用为40万美元[88] - 其他收入在前六个月略有增加，主要来自于礼品卡收入和信用卡相关费用收入[89] - 利息及其他收入在第二季度和前六个月分别占零售销售额的1%和2.2%，同比有所增加[93] 税收和现金流 - 2024财年第二季度和前六个月的所得税费用分别为60万美元和130万美元，而2023财年同期分别为130万美元和350万美元[94] - 2024财年前六个月经营活动产生的现金为880万美元，而2023财年同期为2160万美元，主要是由于存货变动和非经营性资产处置收益的减少所致[96] - 2024年8月3日公司的流动资金为6990万美元，较2024年2月3日的5510万美元有所增加，主要是由于流动租赁负债减少和现金增加所致[96] 融资和投资 - 公司拥有一项35亿美元的无担保循环信贷协议，截至2024年8月3日未有任何借款[97][98] - 2024财年前六个月资本支出为480万美元，较上年同期的850万美元有所下降，预计全年资本支出约700万美元[98] - 2024财年前六个月投资活动产生的现金净额为670万美元，较上年同期的2380万美元有所下降，主要是由于短期投资购买增加所致[99] - 2024财年前六个月筹资活动使用的现金为910万美元，较上年同期的930万美元有所下降，主要是由于股票回购减少所致[99] - 公司的投资组合主要投资于评级为A级或以上的公司债券和政府债务证券[100][101] - 公司认为利率变动对其融资、投资和现金管理活动的市场风险敞口并不重大[103]

财务业绩 - 公司第二季度净利润为100万美元，每股摊薄收益为0.01美元，去年同期为1.1百万美元，每股摊薄收益为0.06美元[3] - 上半年净利润为1.111亿美元，每股摊薄收益为0.54美元，去年同期为560万美元，每股摊薄收益为0.27美元[5] 销售情况 - 第二季度销售额为1.669亿美元，同比下降8%，主要由于2023年关闭门店以及同店销售下降2%[4] - 上半年销售额为3.422亿美元，同比下降8%，主要由于2023年关闭门店以及同店销售下降4%[5] 毛利率及费用 - 第二季度毛利率从35.1%下降至34.6%，主要由于分销成本上升和租金及采购成本摊销增加[7] - 第二季度销售、一般及管理费用占销售额的比重从34.0%上升至34.9%，主要由于人工成本摊销增加[7] 门店数量 - 截至2024年8月3日，公司共有1,166家门店，去年同期为1,247家[9]

For the second quarter of 2024, Cato Corporation (CATO) reported earnings per share (EPS) of 1 cent, a notable decline from the 6 cents recorded in the same quarter of 2023. Revenues for the quarter also decreased by 8% to $166.9 million from $181.2 million in the previous year. The decline in sales was attributed to the closure of stores during 2023 and a 2% decrease in same-store sales. Cato's second-quarter performance reflected ongoing challenges, particularly in maintaining sales momentum. The decline ...

Cato (NYSE:CATO) just reported results for the second quarter of 2024. Cato reported earnings per share of 1 cent. The company reported revenue of $168.63 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform ...

CHARLOTTE, N.C., Aug. 22, 2024 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $0.1 million or $0.01 per diluted share for the second quarter ended August 3, 2024, compared to net income of $1.1 million or $0.06 per diluted share for the second quarter ended July 29, 2023. August 3, % July 29, % August 3,% July 29, % 2024 Sales 2023 Sales 2024 Sales 2023 Sales Sales for the second quarter ended August 3, 2024 were $166.9 million, a decrease of 8% from sales of $181.2 million f ...

Zacks Investment Research has recently initiated coverage of Cato Corporation (CATO) with a Neutral recommendation. The report highlights both the strengths and challenges facing the fashion retailer, providing investors with a balanced view of the company's prospects.Cato's first-quarter 2024 earnings highlight a robust financial performance, marked by a 148% surge in net income to $11 million. This significant improvement was driven by effective cost management and operational efficiency. The company's co ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMay 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________to__________________ Commission file number 1-31340 THE CATO CORPORATION (Exact name of registrant as specified in its charter) Delaware 56-0484485 (State or ...

EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE For Further Information Contact: Charles D. Knight Executive Vice President Chief Financial Officer InvestorRelations@catocorp.com CATO REPORTS 1Q EARNINGS CHARLOTTE, N.C. (May 23, 2024) – The Cato Corporation (NYSE: CATO) today reported net income of $11.0 million or $0.54 per diluted share for the first quarter ended May 4, 2024, compared to net income of $4.4 million or $0.22 per diluted share for the first quarter ended April 29, 2023. Sales for the first ...

Cato Corporation (CATO) reported first-quarter 2024 earnings of 54 cents per share, which marks a significant increase from the prior-year quarter’s figure of 22 cents per share.The company's retail sales for the quarter were $175.3 million, down from $190.3 million in the prior-year quarter. The 6% decline in same-store sales was a significant contributor to this drop. Other revenues, mainly from finance charges and layaway fees, were $1.8 million compared to $1.7 million previously. Total revenues stood a ...