{"schema_version":"secwatch.filing_event.v1","accession":"0001562762-24-000063","form_type":"8-K","ticker":"CATO","cik":"0000018255","company_name":"CATO CORP","filed_at":"2024-03-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.767107+00:00","generated_at":"2026-06-04T08:37:38.223957+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Cato reports Q4 net loss of $23.4M, full year loss $23.9M; sales down 7%","bullets":["Q4 net loss of $23.4M ($1.14/diluted) vs net loss of $3.0M ($0.14/diluted) in prior year.","Full year net loss $23.9M ($1.17/diluted) vs net income $0.0M in 2022; sales fell 7% to $700.3M.","Income tax expense of $10.9M in Q4 and $10.1M for FY due to valuation allowance on deferred tax assets.","Same-store sales decreased 5% in Q4 and 6% for FY; store count down to 1,178 from 1,280.","Plans to open up to 15 stores and close up to 75 underperforming stores in 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001562762-24-000063","json":"https://secwatch.observer/filing/0001562762-24-000063.json","markdown":"https://secwatch.observer/filing/0001562762-24-000063.md","text":"https://secwatch.observer/filing/0001562762-24-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/18255/000156276224000063/0001562762-24-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/18255/000156276224000063/cato-20240321.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T08:37:38.223957+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":"a30e31f364455867822f1db488b1c42275544b30","claim":"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.","evidence_excerpt":"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’","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276224000063/0001562762-24-000063-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year of fiscal 2023"},{"label":"Revenue","value":"$700.3 million"},{"label":"Net income","value":"net loss of ($23.9) million"},{"label":"EPS","value":"($1.17) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b00a625efaddb34b9d5f41e421dc4a4f2f4dc8f7","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/18255/000156276224000063/0001562762-24-000063-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended February 3, 2024"},{"label":"Revenue","value":"$172.1 million"},{"label":"Net income","value":"net loss of ($23.4) million"},{"label":"EPS","value":"($1.14) 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"}