The Cato Corporation reported sales results for the month of January 2013 and fourth quarter and full year ended February 2, 2013. The company reported sales of $63.8 million for the five weeks ended February 2, 2013, an increase of 26% over sales of $50.5 million for the four weeks ended January 28, 2012. On a comparable five-week basis, total sales for the month decreased 9% and comparable store sales decreased 12% from last year.

Sales for fiscal fourth quarter ended February 2, 2013 were $232.0 million, an increase of 5% over sales of $221.5 million for the fourth quarter ended January 28, 2012. On a comparable 14-week basis, total sales for the quarter decreased 4% and comparable store sales decreased 7% from last year.

For the year, the company's sales increased 1% to $933.8 million over 2011 sales of $920.6 million. On a comparable 53-week basis, total sales for the fiscal year ended February 2, 2013 decreased 1% and comparable store sales decreased 4% from last year.

The company provided earnings guidance for the fourth quarter and full year ended February 2, 2013. The company expected fourth quarter EPS results will be in the range of $0.27 to $0.29 versus $0.35 last year.

For the year, the company expected diluted earnings per share will be within the range of $2.11 to $2.13 versus $2.21 last year.