Cato Corp. reports Q4 EPS (74c) vs. ($1.14) last year

Reports Q4 revenue $155.3M vs. $172.1M last year. “Our FY24 sales trend was negatively impacted by continued pressure on our customers’ discretionary spending levels, and a difficult Q3 which included three hurricanes and supply chain interruptions,” said CEO John Cato. “Our Q4 sales trend improved compared to our full year and third quarter sales trend. This was partly due to improvements in our supply chain and our Distribution Center efficiency as we worked through our DC automation conversion issues. During the year we continued to focus on controlling expenses and improving our merchandise offering.”