secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001562762-23-000426
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000426/0001562762-23-000426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276223000426/cato-20231117.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000426

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