secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2022-11-18T23:59:59+00:00
Accession:  0001562762-22-000468
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato reports Q3 net loss of $4.5M, revenue up 3% but margins compress on markdowns
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- Net loss of $4.5M (-$0.21 diluted EPS) versus net income of $8.6M ($0.39) in Q3 2021.
- Q3 revenue $174.9M, +3% YoY; same-store sales +3%.
- Gross margin fell to 29.3% from 38.9% due to increased markdowns and higher freight costs.
- Nine-month net income $3.0M ($0.14 EPS) vs $43.3M ($1.93) prior year.
- CEO cites inflation pressuring discretionary spend; says remainder of year challenging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276222000468/0001562762-22-000468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276222000468/cato-20221029.htm
  HTML page:      https://secwatch.observer/filing/0001562762-22-000468

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