Profile
Sector:
Consumer CyclicalIndustry:
Apparel RetailCountry:
United StatesIPO:
22 April 1987Website:
http://www.catofashions.comNext earnings report:
16 August 2024Last dividends:
10 June 2024Next dividends:
N/APrice
after hours | Wed, 03 Jul 2024 19:00:01 GMTAnalysts recommendations
Institutional Ownership
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Discover why Zacks rates Cato as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its impressive earnings growth, strategic initiatives, and financial stability while examining the challenges posed by declining same-store sales and market pressures.
CATO's Q1 2024 earnings soar to 54 cents per share despite a 6% decline in same-store sales, driven by effective cost controls and a significant rise in interest and other income.
CHARLOTTE, N.C. , May 24, 2024 /PRNewswire/ -- The Board of Directors of The Cato Corporation (NYSE: CATO) declared a regular quarterly dividend of $0.17 per share.
CHARLOTTE, N.C. , May 23, 2024 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported net income of $11.0 million or $0.54 per diluted share for the first quarter ended May 4, 2024, compared to net income of $4.4 million or $0.22 per diluted share for the first quarter ended April 29, 2023.
Cato Corporation is an American apparel retailer with a low EV and strong balance sheet, but poor operational results. The brand's value proposition seems outdated and not ideal for the current apparel retail landscape. Cato's operational efficiency is low, and there is a potential for large cash losses if revenues continue to decline.
What type of business is Cato?
The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.
What sector is Cato in?
Cato is in the Consumer Cyclical sector
What industry is Cato in?
Cato is in the Apparel Retail industry
What country is Cato from?
Cato is headquartered in United States
When did Cato go public?
Cato initial public offering (IPO) was on 22 April 1987
What is Cato website?
https://www.catofashions.com
Is Cato in the S&P 500?
No, Cato is not included in the S&P 500 index
Is Cato in the NASDAQ 100?
No, Cato is not included in the NASDAQ 100 index
Is Cato in the Dow Jones?
No, Cato is not included in the Dow Jones index
When does Cato report earnings?
The next expected earnings date for Cato is 16 August 2024