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Cato Fashions foresees challenging Q4

18 days ago   |   By Fashion United

Image: Cato Fashions, Facebook
The Cato Corporation reported net income of 8.6 million dollars or 39 cents per diluted share for the third quarter ended October 30, 2021, compared to a net loss of 3.6 million dollars or 15 cents per diluted share for the third quarter ended October 31, 2020.
The company said in a statement that due to the impact of the unprecedented store closures, sales for the third quarter were 170.5 million dollars or an increase of 14 percent compared to Q32020 but compared to the same period in 2019, sales decreased 10 percent. The company's same-store sales for the...
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