- Cato (NYSE:CATO) reports comparable-store sales rose 1% in Q4.
- Lower merchandise margins and elevated occupancy costs clipped the company's gross margin rate by 40 bps to 36.1%. SG&A expenses as a percentage of sales fell 200 bps to 28.6%.
- Cato warns of a "difficult" year. Q1 same-store sales are forecast to fall in a range of 0% to -2%. Q1 EPS of $1.12 to $1.16 is seen vs. $1.24 consensus.
- Previously: Cato beats by $0.08, misses on revenue (Mar. 17 2016)
Cato sets Q1 EPS guidance below consensus
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Symbol | Last Price | % Chg |
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CATO | - | - |
The Cato Corporation |