{"schema_version":"secwatch.filing_event.v1","accession":"0001562762-23-000342","form_type":"8-K","ticker":"CATO","cik":"0000018255","company_name":"CATO CORP","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.511697+00:00","generated_at":"2026-06-11T06:27:09.783964+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Cato Q2 net income $1.1M ($0.06 EPS) vs loss; sales down 7% to $181.2M","bullets":["Net income of $1.1M ($0.06 diluted EPS) vs net loss of $2.3M ($0.11 loss) in Q2 2022.","Sales fell 7% to $181.2M; same-store sales decreased 5% vs prior year.","Gross margin improved to 35.1% from 32.4% due to higher merchandise margins and lower freight.","SG&A margin rose to 34.0% from 31.2% on higher payroll and insurance costs.","Store count dropped 65 YoY to 1,247; management sees challenging back half of 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001562762-23-000342","json":"https://secwatch.observer/filing/0001562762-23-000342.json","markdown":"https://secwatch.observer/filing/0001562762-23-000342.md","text":"https://secwatch.observer/filing/0001562762-23-000342.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/0001562762-23-000342-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/cato-20230824.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:27:09.783964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0a3011eaf1a3941e1ea56442817c75496c75e4e3","claim":"CATO CORP reported the six months ended July 29, 2023 results: revenue $371.5 million, net income $5.6 million, EPS $0.27 per diluted share.","evidence_excerpt":"For the six months ended July 29, 2023, the Company reported net income of $5.6 million or $0.27 per diluted share, compared to net income of $7.4 million or $0.35 per diluted share for the six months ended July 30, 2022. Sales for the six months ended July 29, 2023 were $371.5 million, a decrease of 7% from sales of $399.9 million for the six months ended July 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/0001562762-23-000342-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended July 29, 2023"},{"label":"Revenue","value":"$371.5 million"},{"label":"Net income","value":"$5.6 million"},{"label":"EPS","value":"$0.27 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a9930a433b4f0b963e953eb45df82171ec74ed94","claim":"CATO CORP reported the second quarter ended July 29, 2023 results: revenue $181.2 million, net income $1.1 million, EPS $0.06 per diluted share.","evidence_excerpt":"The Cato Corporation (NYSE: CATO) today reported net income of $1.1 million or $0.06 per diluted share for the second quarter ended July 29, 2023, compared to a net loss of $2.3 million or ($0.11) per diluted share for the second quarter ended July 30, 2022. Sales for the second quarter ended July 29, 2023 were $181.2 million, or a decrease of 7% from sales of $195.0 million for the second quarter ended July 30, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/0001562762-23-000342-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended July 29, 2023"},{"label":"Revenue","value":"$181.2 million"},{"label":"Net income","value":"$1.1 million"},{"label":"EPS","value":"$0.06 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}