Brief: Cato Reports Q2 EPS Of $0.26

Cato

23/08/2018 12:13

Aug 23 (Reuters) - Cato Corp  CATO.N :
    * CATO REPORTS INCREASE IN 2Q NET INCOME AND EPS
    * Q2 EARNINGS PER SHARE $0.26
    * Q2 SALES ROSE 1 PERCENT TO $206.8 MILLION
    * SAME-STORE SALES FOR QUARTER INCREASED 4% TO LAST YEAR
    * AS OF AUG 4, 2018, CO OPERATED 1,350 STORES IN 33 STATES,
VERSUS
1,374 STORES IN 33 STATES AS OF JULY 29, 2017
    * "CAUTIOUS" ABOUT H2 2018 MERCHANDISE MARGIN IMPROVEMENT AS
MARKDOWN SALES NOT AS SIGNIFICANT IN H2 2017

Source text for Eikon:  ID:nPn8sSW5ma 
Further company coverage:  CATO.N 

 (Reuters.Briefs@thomsonreuters.com)