It seems that before 2024 comes to a close, another big retailer will take a financial hit, possibly contributing to the closure of one of their stores in southern Indiana. Cato Fashions currently has ...
The Cato Corporation today reported a net loss of $15.1 million or ($0.79) per diluted share for the third quarter ended November 2, 2024, compared to a net loss of $6.1 million or ($0.30) per diluted ...
(CATO) on Thursday reported a loss of $15.1 million in its fiscal third quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 79 cents. The clothing ...
CATO posts a wider year-over-year loss in Q3 and 8% sales drop as hurricanes, supply chain woes, and rising costs weigh on results. Challenges are expected to persist. In light of the current ...
In light of the current economic conditions and current sales trends the Board of Directors of The Cato Corporation (NYSE: CATO) suspended the regular quarterly dividend.
Shares of Cato dropped after the company reported a wider loss in the third quarter as sales weakened and its distribution costs shot up. The stock was down 18% at $5.01 in midday trading. Shares have ...