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Cato to close 120 stores after sales slump and shrinking customer discretionary income

Cato reported Q2 net income of $1.1 million and a 6% decline in sales year-over-year, driven by a 3.7% same-store sales drop. The retailer said persistent inflation, higher fuel prices and elevated interest rates are pressuring customers' discretionary income and expects conditions to remain challenging. To cut costs and improve profitability the company will close 120 underperforming stores with expiring leases by the end of 2026 and tighten expense and inventory management. » More on finance.yahoo.com
Cato Networks secures $359 million in Series G funding, reaches $4.8 billion valuation

Cato Networks has raised $359 million in a Series G funding round, bringing its valuation to over $4.8 billion. The round was led by Vitruvian Partners and ION Crossover Partners, with participation from existing investors. This strengthens the company's position as a leading provider in the SASE market and brings its total funding to over $1 billion. » More on de.investing.com

Historical dividends Dividends

All dividend metrics All metrics

In 2024, Cato Co. has already paid €0.63 in dividends. The last payout was in September 2024.

Financials

In the last quarter, Cato Co. had revenue of €143.46m and net profit of €995.96k

(EUR)	August 2026	YoY
Revenue	143.46m	5.77%
Gross profit	46.01m	14.68%
Net profit	995.96k	82.27%
EBITDA	1.1m	85.88%

Fundamentals

Metric	Value
Market capitalization	€37.36m
Number of shares	18.15m
52-week high/low	€3.46 - €2.04
Dividends	No
Beta	0.53
P/E ratio	-7.67
PEG ratio	0.00
P/B ratio	0.26
P/S ratio	0.06

Company profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants. It operates its stores and e-commerce websites under the Cato, Cato Fashions, Cato Plus, It's Fashion, It's Fashion Metro, and Versona names. As of January 29, 2022, the company operated 1,311 stores in 32 states. It also provides credit card services to its customers, as well as layaway plans for customers who agree to make periodic payments. The company was incorporated in 1946 and is headquartered in Charlotte, North Carolina.

Name	Cato Co.
CEO	John Derham Cato
Headquarters	Charlotte, nc USA
Website	catofashions.com
Sector	Consumer Discretionary
Industry	Specialty Retail
IPO	22/04/1987
Employees	6,700