- Cato (NYSE:NYSE:CATO) reports same-store sales fell 3% in Q1.
- Gross margin rate increased 50 bps to 42.3% primarily due to higher merchandise contribution in the quarter.
- SG&A expense rate +50 bps to 24.4%.
- Store count +28 Y/Y to 1,352.
- Q2 Guidance: Same-store sales: -2% to flat; Diluted EPS: $0.54 to $0.57.
- FY2015 Guidance: Diluted EPS: $2.10 to $2.23.
More on Cato's Q1
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Symbol | Last Price | % Chg |
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CATO | - | - |
The Cato Corporation |