secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0000018255-21-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato Q2 net income $14M ($0.62 EPS) vs loss of $7.2M; sales +24% to $206M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000001825521000018/0000018255-21-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000001825521000018/cato8k2qtr2021.htm
  HTML page:      https://secwatch.observer/filing/0000018255-21-000018

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