Cato Corp. (CATO) May Comps Increase 1%

The Cato Corporation (NYSE: CATO) today reported sales of $76.1 million for the four weeks ended June 1, 2019, a 2% decrease from sales of $77.3 million for the four weeks ended June 2, 2018. Same-store sales for the four weeks ended June 1, 2019 increased 1% from the four weeks ended June 2, 2018.

Sales for the seventeen weeks ended June 1, 2019 were $304.2 million, a 3% decrease from sales of $313.2 million for the seventeen weeks ended June 2, 2018. The Company's year-to-date same-store sales were flat compared to last year.

"May same-store sales were in-line with our expectations," stated John Cato, Chairman, President, and Chief Executive Officer, "and we remain cautiously optimistic for the year."

As of June 1, 2019, the Company operated 1,302 stores in 31 states, compared to 1,351 stores in 33 states as of June 2, 2018.

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