---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-24-000153"
form_type: "8-K"
ticker: "CATO"
cik: "0000018255"
company_name: "CATO CORP"
filed_at: "2024-05-28T23:59:59+00:00"
generated_at: "2026-06-01T08:15:20.823186+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cato reports Q1 net income $11.0M ($0.54 EPS) vs $4.4M last year; sales down 8%

## Summary
- Diluted EPS of $0.54 vs $0.22 in Q1 2023; net income rose to $11.0M from $4.4M.
- Sales $175.3M, down 8% from $190.3M; same-store sales decreased 6%.
- Closed 7 stores; store count 1,171 vs 1,264 a year ago.
- Repurchased 431,415 shares during the quarter.
- CEO 'cautious' citing high interest rates and inflation pressuring discretionary spending.

## SEC filing metadata
- accession: 0001562762-24-000153
- form_type: 8-K
- ticker: CATO
- cik: 0000018255
- company_name: CATO CORP
- filed_at: 2024-05-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18255/000156276224000153/0001562762-24-000153-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18255/000156276224000153/cato8kq1_2024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-24-000153
- JSON: https://secwatch.observer/filing/0001562762-24-000153.json
- Plain text: https://secwatch.observer/filing/0001562762-24-000153.txt

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