secwatch / observer
8-K filed March 25, 2024, 7:59 PM ET ticker CATO CIK 0000018255
earnings confidence high sentiment negative materiality 0.80

Cato reports Q4 net loss of $23.4M, full year loss $23.9M; sales down 7%

CATO CORP

2023-FY EPS reported -$1.17 revenue$708,059,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CATO CORP reported the full year of fiscal 2023 results: revenue $700.3 million, net income net loss of ($23.9) million, EPS ($1.17) per diluted share.

Period
the full year of fiscal 2023
Revenue
$700.3 million
Net income
net loss of ($23.9) million
EPS
($1.17) per diluted share
Result
reported results
Exact text from the filing
2022, as the fiscal year ended February 3, 2024 contains 53 weeks versus 52 weeks in the fiscal year ended January 28, 2023. For the year, the Company's sales decreased 7% to $700.3 million from 2022 sales of $752.4 million. Same-store sales for the year decreased 6% compared to 2022. "Our fiscal 2023 sales trend was negatively impacted by pressure on our customers’
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CATO CORP reported the fourth quarter ended February 3, 2024 results: revenue $172.1 million, net income net loss of ($23.4) million, EPS ($1.14) per diluted share.

Period
the fourth quarter ended February 3, 2024
Revenue
$172.1 million
Net income
net loss of ($23.4) million
EPS
($1.14) per diluted share
Result
reported results
Exact text from the filing
expense is primarily due to a non-cash valuation allowance recorded against U.S. federal and state deferred tax assets. Sales for the fourth quarter ended February 3, 2024 were $172.1 million, or a decrease of 3% from sales of $177.5 million for the fourth quarter ended January 28, 2023. The Company’s same-store sales for the quarter decreased 5% compared to the same
View on SEC.gov

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Source: SEC EDGAR
accession 0001562762-24-000063
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