Cato Reports June Sales
The Company's year-to-date same-store sales decreased 2%.
The Cato Corporation (NYSE: CATO) reported sales of $93.8 million for the five weeks ended July 4, 2015, a 2% increase over sales of $92.0 million for the five weeks ended July 5, 2014. Same-store sales for the five-week period were flat to last year.
Sales for the twenty-two weeks ended July 4, 2015 were $463.9 million, up 1% over sales of $460.9 million for the twenty-two weeks ended July 5, 2014. The Company’s year-to-date same-store sales decreased 2%. «June same-store sales continue to be in line with our current trend,» commented John Cato, Chairman, President, and Chief Executive Officer.
During the month of June, the Company opened two stores. New stores opened in Portsmouth, VA and Dallas, TX. As of July 4, 2015, the Company operated 1,355 stores in 32 states, compared to 1,328 stores in 32 states as of July 5, 2014.
The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, «Cato», «Versona» and «It’s Fashion».
