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Cato Q4 Loss Narrows, But Revenues Decline

CATO
Corporate EarningsCompany FundamentalsConsumer Demand & Retail

Cato Corp. reported Q4 net loss narrowed to $10.86M, down ~22.7% from a $14.05M loss a year earlier, or $0.55 per share versus $0.74 prior-year. The result indicates a modest improvement in profitability for the specialty retailer, though the company remained unprofitable for the quarter.

Analysis

Cato Corp. reported Q4 net loss narrowed to $10.86M, down ~22.7% from a $14.05M loss a year earlier, or $0.55 per share versus $0.74 prior-year. The result indicates a modest improvement in profitability for the specialty retailer, though the company remained unprofitable for the quarter.

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