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CATO CORP
The Cato Corporation plans to close approximately 120 stores in fiscal 2026, including 70 additional underperforming locations in the third and fourth quarters. The company expects to incur between $1.0 million and $1.3 million in exit costs through the end of 2026. Management believes these closures will positively impact operating results in fiscal 2027 and beyond.…more
CATO CORP
Group One Trading LLC has filed a Schedule 13G/A to update its beneficial ownership status in CATO CORP. This filing reflects changes in the investor's reported shareholding position.…more
CATO CORP
The Cato Corporation reported revenues of $165.5 million and net income of $1.149 million for the second quarter ended August 1, 2026. These figures represent a decline from the prior year's second-quarter revenue of $176.5 million and net income of $6.832 million, resulting in earnings per share (EPS) of $0.06.…more
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Cato Corporation to Close ~70 Additional Underperforming Stores
Cato Corporation plans to close approximately 70 additional underperforming stores in the third and fourth quarters, bringing the total planned closures for fiscal 2026 to about 120. The company expects these closures to positively impact operating results starting in fiscal 2027.…more
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Cato reported a second-quarter EPS of $0.06, marking an 82.86% decrease from the previous year, while revenue fell 6.24% to $165.501 million. The significant decline in both earnings and sales reflects ongoing operational challenges for the company.…more
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