secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001562762-23-000124
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000124/0001562762-23-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000124/cato-20230316.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000124

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