secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0001562762-23-000258
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato Q1 net income falls to $4.4M ($0.22) from $9.7M ($0.46); sales down 7%
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- Net income $4.4M ($0.22 per diluted share) vs $9.7M ($0.46) in Q1 2022.
- Sales $190.3M, down 7% YoY; same-store sales decreased 6%.
- Gross margin improved to 35.8% from 35.5%; SG&A expense rose to 32.5% from 29.5%.
- Opened 4 stores, closed 20; ended with 1,264 stores in 32 states.
- Shareholders voted for say-on-pay advisory vote every three years; directors elected.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/0001562762-23-000258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000258/cato-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000258

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