CATO Q1 Earnings Improve Y/Y on Lower Costs, Sales Down
Cato(CATO) zacks.com·2024-05-25 02:05
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 ...