---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000426"
form_type: "8-K"
ticker: "CATO"
cik: "0000018255"
company_name: "CATO CORP"
filed_at: "2023-11-20T23:59:59+00:00"
generated_at: "2026-06-07T23:29:35.793039+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cato reports Q3 net loss of $6.1M; sales down 10% YoY to $156.7M

## Summary
- Net loss of $6.1M ($0.30 per diluted share) vs net loss of $4.5M ($0.21) in prior-year Q3.
- Sales fell 10% to $156.7M; same-store sales decreased 8%.
- Gross margin rate improved to 32.5% from 29.3% on higher merchandise margins.
- Year-to-date net loss of $0.5M ($0.02 per share) vs net income of $3.0M ($0.14) last year.
- Store count reduced to 1,245; closed 44 stores YTD vs 9 openings.

## SEC filing metadata
- accession: 0001562762-23-000426
- form_type: 8-K
- ticker: CATO
- cik: 0000018255
- company_name: CATO CORP
- filed_at: 2023-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18255/000156276223000426/0001562762-23-000426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18255/000156276223000426/cato-20231117.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000426
- JSON: https://secwatch.observer/filing/0001562762-23-000426.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000426.txt

## Key facts
- Earnings Releases
  CATO CORP reported third quarter ended October 28, 2023 results: revenue $156.7 million, net income net loss of $6.1 million, EPS ($0.30) per diluted share.
  - Period: third quarter ended October 28, 2023
  - Revenue: $156.7 million
  - Net income: net loss of $6.1 million
  - EPS: ($0.30) per diluted share
  - Result: reported results
  source text: 2023, compared to a net loss of $4.5 million or ($0.21) per diluted share for the third quarter ended October 29, 2022. Sales for the third quarter ended October 28, 2023 were $156.7 million, a decrease of 10% from sales of $174.9 million for the third quarter ended October 29, 2022. The Company’s same-store sales for the quarter decreased 8% compared to 2022. For
  evidence_url: https://www.sec.gov/Archives/edgar/data/18255/000156276223000426/0001562762-23-000426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.