secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0001562762-24-000213
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000213/0001562762-24-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000213/cato-20240822.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000213

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