earnings
confidence high
sentiment positive
materiality 0.75
Cato Q2 net income $14M ($0.62 EPS) vs loss of $7.2M; sales +24% to $206M
CATO CORP
2021-Q2 EPS reported
$1.54
revenue$420,831,000
- Net income of $0.62 per diluted share compared to net loss of $0.30 per share a year ago.
- Sales $206M, up 24% from $166.3M in Q2 2020; same-store sales +23% vs 2020 but -5% vs 2019.
- Gross margin improved to 43.9% from 20.2% on higher merchandise margins.
- First-half net income $34.7M ($1.54 EPS) vs $35.6M loss; sales $417.2M, +57%.
- Cash and short-term investments $216.9M, up from $137M; 1,325 stores vs 1,333.