secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0000018255-21-000025
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato posts Q3 net income of $8.6M ($0.39 EPS); sales up 14% YoY but down 10% from 2019
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- Net income of $8.6M ($0.39 diluted EPS) vs net loss of $3.6M ($0.15 loss) in Q3 2020.
- Sales of $170.5M, up 14% YoY; same-store sales +14% vs 2020 but -13% vs 2019.
- Gross margin expanded to 38.9% from 26.7%; SG&A rose to 36.6% of sales from 34.8%.
- Ended quarter with $200.1M in cash/short-term investments; 6 stores permanently closed YTD.
- CEO expects Q4 to be 'very challenging' due to supply chain disruption, inflation, and potential vaccine mandates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000001825521000025/0000018255-21-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000001825521000025/cato8k3qtr2021.htm
  HTML page:      https://secwatch.observer/filing/0000018255-21-000025

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