The Cato Corporation Holds Annual Meeting and Reports Q1 Results

The latest announcement is out from The Cato ( (CATO) ).

On May 22, 2025, The Cato Corporation held its Annual Meeting where shareholders elected two directors and approved amendments to the Employee Stock Purchase Plan and the selection of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending January 31, 2026. In its first quarter report, Cato announced a net income of $3.3 million, a significant decrease from the previous year’s $11.0 million, and a 4% drop in sales attributed to cautious consumer spending and economic uncertainty. The company closed eight stores during the quarter, ending with 1,109 stores in operation.

Spark’s Take on CATO Stock

According to Spark, TipRanks’ AI Analyst, CATO is a Neutral.

Cato’s overall stock score is driven by significant financial challenges, including declining revenues and negative profitability. While technical indicators show some mild positive momentum, valuation concerns and liquidity issues weigh heavily on the score.

To see Spark’s full report on CATO stock, click here.

More about The Cato

The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories, operating under three concepts: Cato, Versona, and It’s Fashion. The company’s Cato stores offer exclusive merchandise comparable to mall specialty stores at low prices, while Versona provides a unique fashion destination with apparel and accessories at exceptional prices. It’s Fashion focuses on trendy styles for the entire family at affordable prices.

Average Trading Volume: 63,112

Technical Sentiment Signal: Sell

Current Market Cap: $57.26M

See more insights into CATO stock on TipRanks’ Stock Analysis page.