secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2023-08-21T23:59:59+00:00
Accession:  0001562762-23-000342
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato Q2 net income $1.1M ($0.06 EPS) vs loss; sales down 7% to $181.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/0001562762-23-000342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000342/cato-20230824.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000342

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