{"id":827898,"date":"2025-03-20T07:15:19","date_gmt":"2025-03-20T11:15:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cato-reports-4q-and-full-year-loss-2\/"},"modified":"2025-03-20T07:15:19","modified_gmt":"2025-03-20T11:15:19","slug":"cato-reports-4q-and-full-year-loss-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cato-reports-4q-and-full-year-loss-2\/","title":{"rendered":"CATO REPORTS 4Q AND FULL YEAR LOSS"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n CHARLOTTE, N.C.<\/span>
\n <\/span>, March 20, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0The Cato Corporation (NYSE: CATO) today reported a net loss of ($14.1) million<\/span> or ($0.74)<\/span> per diluted share for the fourth quarter ended February 1, 2025<\/span>, compared to a net loss of ($23.4) million<\/span> or ($1.14)<\/span> per diluted share for the fourth quarter ended February 3<\/span>, 2024.\u00a0 Full-year fiscal 2024 net loss was\u00a0($18.1) million\u00a0or\u00a0($0.97<\/span>)\u00a0per diluted share compared to a net loss of ($23.9)<\/span> million\u00a0or\u00a0($1.17<\/span>)\u00a0per diluted share for 2023.\u00a0 The fiscal year and fourth quarter ended February 1, 2025<\/span> contains 52 weeks and 13 weeks, respectively versus 53 weeks and 14 weeks in the fiscal year and fourth quarter ended February 3, 2024<\/span>, respectively.<\/p>\n

Sales for the fourth quarter ended February 1, 2025<\/span> were $155.3 million<\/span>, a decrease of 10.0% from sales of $172.1 million<\/span> for the fourth quarter ended February 3<\/span>, 2024.\u00a0 On a comparable 13-week basis, total sales for the quarter decreased 5.1% and same-store sales decreased 0.8% from last year.\u00a0 For the year, the Company’s sales decreased 8.3% to\u00a0$642.1 million\u00a0from 2023 sales of\u00a0$700.3 million.\u00a0\u00a0 On a comparable 52-week basis, total sales for the fiscal year ended February 1, 2025<\/span> decreased 6.8% and same store sales decreased 3.1% to last year. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

“Our fiscal 2024 sales trend was negatively impacted by continued pressure on our customers’ discretionary spending levels, and a difficult third quarter which included three hurricanes and supply chain interruptions,” said John Cato<\/span>, Chairman, President and Chief Executive Officer. “Our fourth quarter sales trend improved compared to our full year and third quarter sales trend.\u00a0 This was partly due to improvements in our supply chain and our Distribution Center (DC) efficiency as we worked through our DC automation conversion issues.\u00a0 During the year we continued to focus on controlling expenses and improving our merchandise offering.”<\/p>\n

Fourth-quarter gross margin decreased from 31.0% of sales in 2023 to 28.0% of sales in 2024 reflecting pressure from increased markdowns, coupled with higher distribution costs and domestic freight costs, as well as deleveraging of occupancy costs .\u00a0 Selling, general and administrative (SG&A) expenses as a percent of sales decreased from 39.2% in 2023 to 37.8% in 2024 during the quarter, primarily due to decreased incentive compensation, insurance, closed store and impairment expenses partially offset by increased professional fees.\u00a0 For the quarter, SG&A expenses decreased $8.8 million<\/span>. Income tax expense for the quarter was $0.3 million<\/span> compared to expense of $10.9 million<\/span> last year.\u00a0 The decrease in tax expense for the quarter was due primarily to a non-cash valuation allowance recorded against U.S. federal and state deferred tax assets last year.<\/p>\n

For the full year 2024, gross margin decreased from 33.7% of sales in 2023 to 32.0% of sales in 2024.\u00a0 This decrease was in part due to higher distribution and freight costs and deleveraging of our occupancy costs.\u00a0 SG&A expenses decreased to 36.0%\u00a0of sales in 2024 compared to 36.1% of sales in 2023.\u00a0 The SG&A rate decrease was primarily due to decreased incentive compensation, insurance, closed store and impairment expenses partially offset by increased payroll expenses as a percent of sales. \u00a0\u00a0For the year, SG&A expenses decreased $21.3 million<\/span>. Income tax expense for the year was $1.9 million<\/span> compared to expense of $10.1 million<\/span> last year.\u00a0 The decrease in tax expense for the year was due primarily to a non-cash valuation allowance recorded against U.S. federal and state deferred tax assets last year.<\/p>\n

“As we look ahead to 2025, we remain cautious in this challenging economic environment with pressures related to newly implemented tariffs and the uncertainty of potential additional tariffs,” stated Mr. Cato.\u00a0 “In 2025, we will continue our focus on reducing expenses. To this end, we eliminated approximately 40 corporate positions in February. We also expect expense reductions in other areas of our business as we continue our productivity and efficiency initiatives including reductions in our distribution and domestic freight expenses.\u00a0 We will continue our initiatives on improving our merchandise assortment, including introducing new offerings.”<\/p>\n

During 2024, the Company opened one store, relocated four stores and permanently closed 62 stores.\u00a0 As of February 1, 2025<\/span>, the Company operated 1,117 stores in 31 states, compared to 1,178 stores in 31 states as of February 3<\/span>, 2024.\u00a0 During 2025, the Company plans to open up to 15 new stores and close up to 50 underperforming stores as leases expire.\u00a0 These store closings are anticipated to have minimal financial impact.<\/p>\n

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, “Cato,” “Versona” and “It’s Fashion.”\u00a0 The Company’s Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.\u00a0 The Company also offers exclusive merchandise found in its Cato stores at www.catofashions.com<\/a>.\u00a0 Versona is a unique fashion destination offering apparel and accessories including jewelry, handbags and shoes at exceptional prices every day.\u00a0 Select Versona merchandise can also be found at www.shopversona.com<\/a>.\u00a0 It’s Fashion offers fashion with a focus on the latest trendy styles for the entire family at low prices every day.<\/p>\n

\n Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical fact,<\/i>
\n \u00a0i<\/i>
\n ncluding, without limitation, statements regarding the Company’s expected or estimated operational financial results, activities or opportunities, and potential impacts and effects of interest rates, inflation or other factors that may affect our customers’ disposable income or our costs, are considered “forward-looking” within the meaning of The Private Securities Litigation Reform Act of 1995.\u00a0 Such forward-looking statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements.\u00a0 <\/i>
\n Such factors include, but are not limited to<\/i>
\n , any actual or perceived deterioration in the conditions that drive consumer confidence and spending, including, but not limited to, prevailing social, economic, political, geopolitical, and public health conditions and uncertainties, levels of unemployment, fuel, energy and food costs, inflation, wage rates, tax rates, interest rates, home values, consumer net worth and the availability of credit; changes in laws, \u00a0regulations or government policies affecting our business, including but not limited to tariffs; uncertainties regarding the impact of any governmental action regarding, or responses to, the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to rapidly changing fashion trends and consumer demands; our ability to successfully implement our new store development strategy to increase new store openings and the ability of any such new stores to grow and perform as expected; adverse weather, public health threats (such as \u00a0COVID-19) or similar conditions that may affect our sales or operations; inventory risks due to shifts in market demand, including the ability to liquidate excess inventory at anticipated margins; adverse developments or volatility affecting the financial services industry or broader financial markets; and other factors discussed under “Risk Factors” in Part I, Item 1A\u00a0 of the Company’s most recently filed annual report on Form 10-K and in other reports the Company files with or furnishes to the SEC from time to time.\u00a0 The Company does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized. The Company is not responsible for any changes made to this press release by wire or Internet services.<\/i>\n <\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n THE CATO CORPORATION<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n FOR THE PERIODS ENDED FEBRUARY 1, 2025 AND FEBRUARY 3, 2024<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Dollars in thousands, except per share data)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Quarter Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Twelve Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n February 1,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n %<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n February 3,<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n February 1,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n %<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n February 3,<\/span>\n <\/p>\n<\/td>\n

\n

\n %<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Sales<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2024<\/span>\n <\/p>\n<\/td>\n

\n

\n Sales<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Sales<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2024<\/span>\n <\/p>\n<\/td>\n

\n

\n Sales<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n REVENUES<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0 Retail sales<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 155,292<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 100.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 172,144<\/span>\n <\/p>\n<\/td>\n

\n

\n 100.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 642,140<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 100.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 700,318<\/span>\n <\/p>\n<\/td>\n

\n

\n 100.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Other revenue (principally finance,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0 late fees and layaway charges)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,617<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1.7\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,738<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 7,666<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1.2\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 7,741<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0 Total revenues<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 157,909<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 101.7\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 174,882<\/span>\n <\/p>\n<\/td>\n

\n

\n 101.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 649,806<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 101.2\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 708,059<\/span>\n <\/p>\n<\/td>\n

\n

\n 101.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n GROSS MARGIN (Memo)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 43,434<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 28.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 53,367<\/span>\n <\/p>\n<\/td>\n

\n

\n 31.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 205,700<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 32.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 236,005<\/span>\n <\/p>\n<\/td>\n

\n

\n 33.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n COSTS AND EXPENSES, NET<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0 Cost of goods sold<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 111,858<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 72.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 118,777<\/span>\n <\/p>\n<\/td>\n

\n

\n 69.0\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 436,440<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 68.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 464,313<\/span>\n <\/p>\n<\/td>\n

\n

\n 66.3\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Selling, general and administrative<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 58,680<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 37.8\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 67,433<\/span>\n <\/p>\n<\/td>\n

\n

\n 39.2\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 231,489<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 36.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 252,777<\/span>\n <\/p>\n<\/td>\n

\n

\n 36.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Depreciation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,711<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1.7\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,500<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.5\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 9,817<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1.5\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 9,871<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Interest and other income<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (1,618)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -1.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (1,347)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n (11,827)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -1.8\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (5,101)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.7\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0 Costs and expenses, net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 171,631<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 110.5\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 187,363<\/span>\n <\/p>\n<\/td>\n

\n

\n 108.8\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 665,919<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 103.7\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 721,860<\/span>\n <\/p>\n<\/td>\n

\n

\n 103.1\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Loss Before Income Taxes<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (13,722)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -8.8\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (12,481)<\/span>\n <\/p>\n<\/td>\n

\n

\n -7.3\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n (16,113)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -2.5\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (13,801)<\/span>\n <\/p>\n<\/td>\n

\n

\n -2.0\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income Tax Expense (Benefit)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 330<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 0.2\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10,937<\/span>\n <\/p>\n<\/td>\n

\n

\n 6.4\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 1,944<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 0.3\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10,140<\/span>\n <\/p>\n<\/td>\n

\n

\n 1.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Loss<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (14,052)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -9.0\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (23,418)<\/span>\n <\/p>\n<\/td>\n

\n

\n -13.6\u00a0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (18,057)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n -2.8\u00a0%<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (23,941)<\/span>\n <\/p>\n<\/td>\n

\n

\n -3.4\u00a0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic Loss Per Share<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (0.74)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.14)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (0.97)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.17)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Diluted Loss Per Share<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (0.74)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.14)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n (0.97)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n (1.17)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n THE CATO CORPORATION<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n CONDENSED CONSOLIDATED BALANCE SHEETS\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n (Dollars in thousands)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n February 1,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n February 3,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2025<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2024<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n (Unaudited)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n ASSETS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current Assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0 Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 20,279<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 23,940<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Short-term investments<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 57,423<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 79,012<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Restricted cash<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,799<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 3,973<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Accounts receivable – net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 24,540<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 29,751<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Merchandise inventories<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 110,739<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 98,603<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Other current assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 7,406<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 7,783<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total Current Assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 223,186<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 243,062<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Property and Equipment – net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 60,326<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 64,022<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Noncurrent Deferred Income Taxes<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Other Assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 19,979<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 25,047<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Right-of-Use Assets, net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 148,870<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 154,686<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0 TOTAL<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 452,361<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 486,817<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current Liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 130,684<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 126,900<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current Lease Liability<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 57,555<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 61,108<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Noncurrent Liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 13,485<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 14,475<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Lease Liability<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 88,341<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 92,013<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Stockholders’ Equity<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 162,296<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n

\n 192,321<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0 TOTAL<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 452,361<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $<\/span>\n <\/p>\n<\/td>\n

\n

\n 486,817<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/cato-reports-4q-and-full-year-loss-302406626.html<\/a><\/p>\n

SOURCE Cato Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire CHARLOTTE, N.C. , March 20, 2025 \/PRNewswire\/ —\u00a0The Cato Corporation (NYSE: CATO) today reported a net loss of ($14.1) million or ($0.74) per diluted share for the fourth quarter ended February 1, 2025, compared to a net loss of ($23.4) million or ($1.14) per diluted share for the fourth quarter ended February 3, 2024.\u00a0 Full-year fiscal 2024 net loss was\u00a0($18.1) million\u00a0or\u00a0($0.97)\u00a0per diluted share compared to a net loss of ($23.9) million\u00a0or\u00a0($1.17)\u00a0per diluted share for 2023.\u00a0 The fiscal year and fourth quarter ended February 1, 2025 contains 52 weeks and 13 weeks, respectively versus 53 weeks and 14 weeks in the fiscal year and fourth quarter ended February 3, 2024, respectively. Sales for the fourth quarter ended February 1, … <\/p>\n

Continue reading “CATO REPORTS 4Q AND FULL YEAR LOSS”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-827898","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCATO REPORTS 4Q AND FULL YEAR LOSS - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cato-reports-4q-and-full-year-loss-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CATO REPORTS 4Q AND FULL YEAR LOSS - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHARLOTTE, N.C. , March 20, 2025 \/PRNewswire\/ —\u00a0The Cato Corporation (NYSE: CATO) today reported a net loss of ($14.1) million or ($0.74) per diluted share for the fourth quarter ended February 1, 2025, compared to a net loss of ($23.4) million or ($1.14) per diluted share for the fourth quarter ended February 3, 2024.\u00a0 Full-year fiscal 2024 net loss was\u00a0($18.1) million\u00a0or\u00a0($0.97)\u00a0per diluted share compared to a net loss of ($23.9) million\u00a0or\u00a0($1.17)\u00a0per diluted share for 2023.\u00a0 The fiscal year and fourth quarter ended February 1, 2025 contains 52 weeks and 13 weeks, respectively versus 53 weeks and 14 weeks in the fiscal year and fourth quarter ended February 3, 2024, respectively. 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