secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2022-08-22T23:59:59+00:00
Accession:  0001562762-22-000370
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato reports Q2 net loss of $2.3M ($0.11 EPS) as sales fall 5%
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- Net loss of $2.3M ($0.11 diluted loss) vs net income of $14.0M ($0.62 EPS) in Q2 last year.
- Sales of $195.0M, down 5% YoY; same-store sales also decreased 5%.
- Gross margin compressed to 32.4% from 43.9% due to lower merchandise margins and higher freight.
- CEO cites inflation pressure on discretionary spending; expects challenging back half.
- Store count at 1,312; opened 4, closed 7 stores during the quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276222000370/0001562762-22-000370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276222000370/cato-20220818.htm
  HTML page:      https://secwatch.observer/filing/0001562762-22-000370

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