Brief: Cato Q1 Sales Rose 114 Percent To $211.2 Million

Cato

20/05/2021 12:26

May 20 (Reuters) - Cato Corp  CATO.N :
    * CATO REPORTS 1Q NET INCOME
    * Q1 SALES ROSE 114 PERCENT TO $211.2 MILLION
    * Q1 SAME STORE SALES ROSE 111 PERCENT
    * Q1 EARNINGS PER SHARE $0.92
    * ANTICIPATE BENEFICIAL EFFECTS OF STIMULUS FUNDS ON ECONOMY
TO
TAPER OFF IN NEAR FUTURE
    * EXPECT RETAIL TO CONTINUE TO BE NEGATIVELY IMPACTED BY
GLOBAL
SUPPLY CHAIN CHALLENGES

Source text for Eikon:  ID:nPn5mv6HFa 
Further company coverage:  CATO.N 

 ((Reuters.Briefs@thomsonreuters.com;))