secwatch.observer — SEC 8-K summary
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Issuer:     CATO CORP (CATO)
CIK:        0000018255
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001562762-24-000275
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cato Q3 net loss $15.1M (-$0.79 EPS); sales down 8%; suspends dividend
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- Q3 net loss $15.1M ($0.79 loss per share) vs $6.1M loss ($0.30) a year ago.
- Revenue $144.6M, down 8% YoY; same-store sales decreased 3%.
- Gross margin fell to 28.8% from 32.5% on markdowns and higher freight/distribution costs.
- Board suspends regular quarterly dividend due to economic conditions and sales trends.
- Store count 1,167 as of Nov 2, 2024, down from 1,245 a year earlier; opened 1, closed 13 YTD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000275/0001562762-24-000275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18255/000156276224000275/cato-20241121.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000275

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