Cato Corp. (CATO: Quote) 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.
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by RTT Staff Writer
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