Specialty retailer Cato Corp. (CATO) reported Thursday that net loss for the fourth quarter narrowed to $10.86 million or $0.55 per share from $14.05 million or $0.74 per share in the prior-year quarter.
Total revenues for the quarter declined 3.4 percent to $151.66 million from $157.91 million in the same quarter last year. Same-store sales for the quarter were flat compared to last year.
"As we look ahead to 2026, we are focused on improving our merchandise assortment including new product offerings, leveraging our investments in technology, especially in our stores and the distribution center, while continuing to provide excellent customer service," said John Cato, Chairman, President, and CEO.
"Our 2026 outlook is tempered by the current economic uncertainties and continued pressure on our customers' disposable income," added Cato.
CATO closed Wednesday's regular trading session on the NYSE at $2.92, down $0.07 or 2.34 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.