earnings
confidence high
sentiment negative
materiality 0.75
Cato Q1 net income drops 70% to $3.3M; sales down 4% on cautious spending
CATO CORP
2025-Q1 EPS reported
$0.17
revenue$170,242,000
- Net income of $3.3M ($0.17 diluted EPS) vs $11.0M ($0.54) in prior-year Q1.
- Sales of $168.4M, down 4% YoY; same-store sales flat.
- Gross margin fell to 35.1% from 35.8% due to higher markdowns.
- Company bought back 294k shares during quarter; closed 8 stores, now 1,109 stores.
- Management cites cautious consumer spending and tariff uncertainty for cautious outlook.