Cato Q4 net loss improves to $0.14/share; full-year EPS $0.00 vs $1.65

CATO CORP

2022-FY EPS reported $0.00 revenue$759,260,000

Q4 net loss $3.0M ($0.14/share) vs loss $6.5M ($0.30) a year earlier.
Full-year net income $0.0M ($0.00) vs $36.8M ($1.65) in 2021.
Q4 sales $177.5M +2% YoY; same-store sales +3%; full-year sales $752.4M -1%.
Gross margin fell to 31.3% in Q4 (36.9% prior) due to markdowns and supply chain costs.
Store count 1,280; plans to open up to 30 and close up to 50 in 2023.

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