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 ...