logo
Share SHARE
FONT-SIZE Plus   Neg

Cato Sept. Same-store Sales Down 3%; Sees Q3 EPS At High End Of Prior Range

Cato Corp. (CATO) reported that same-store sales for five weeks ended October 5, 2013 decreased 3% from the five weeks ended September 29, 2012. Sales for the five weeks were $72.9 million, a 3% increase over sales of $71.1 million last year.

Sales for the thirty-five weeks ended October 5, 2013 were $628.6 million, down 1% to sales of $637.5 million for the thirty-five weeks ended September 29, 2012. The Company's year-to-date same-store sales decreased 3% from the prior year.

The company now expect third quarter earnings per share will be at the higher end of its guidance range of $0.02 to $0.09 versus $0.16 last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Shares of Marinus Pharmaceuticals Inc. (MRNS) have gained over 35% in the last seven trading days in the run-up to the exploratory phase II study results of Ganaxolone, scheduled for this month. United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla...
comments powered by Disqus
Follow RTT