---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-24-000213"
form_type: "8-K"
ticker: "CATO"
cik: "0000018255"
company_name: "CATO CORP"
filed_at: "2024-08-27T23:59:59+00:00"
generated_at: "2026-05-31T07:27:01.227360+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cato Q2 net income $0.01 EPS vs $0.06; sales down 8% to $166.9M

## Summary
- Net income of $0.1M ($0.01 diluted EPS) vs $1.1M ($0.06) in prior year Q2.
- Sales $166.9M, down 8% YoY; same-store sales decreased 2%.
- Gross margin fell to 34.6% from 35.1%; SG&A as % of sales rose to 34.9% from 34.0%.
- Closed 5 stores in Q2; store count 1,166 vs 1,247 a year ago.
- Management: 'back half of the year will remain challenging.'

## SEC filing metadata
- accession: 0001562762-24-000213
- form_type: 8-K
- ticker: CATO
- cik: 0000018255
- company_name: CATO CORP
- filed_at: 2024-08-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18255/000156276224000213/0001562762-24-000213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18255/000156276224000213/cato-20240822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-24-000213
- JSON: https://secwatch.observer/filing/0001562762-24-000213.json
- Plain text: https://secwatch.observer/filing/0001562762-24-000213.txt

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