secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001562762-24-000153
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000153/0001562762-24-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000153/cato8kq1_2024.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer