The Cato Corporation Reports Sales Results for the Four Weeks and Ten Months Ended November 25, 2017; Provides Earnings Guidance for the Full Year 2017
Sales for the ten months ended November 25, 2017 were $693.2 million, a 13% decrease from sales of $797.4 million for the ten months ended November 26, 2016. The company's year-to-date same-store sales decreased 13%.
The company provided earnings guidance for the full year 2017. The company continues to expect full year earnings to be significantly below last year.