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07.04.2016 13:14:16
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Cato Corp. March Same-store Sales Down 1%; Affirms Q1 EPS Guidance
(RTTNews) - Cato Corp. (CATO) reported that its sales for the five weeks ended April 2, 2016 were $118.8 million, a 2% increase from sales of $117.0 million for the five week period ended April 4, 2015. Same-store sales for the month decreased 1%. The company said its March sales were impacted by the shift of Easter from early April last year to mid-March in the current year.
Year-to-date same-store sales were up 1%.
"We continue to expect first-quarter earnings per share will be in the range of $1.12 to $1.16," said John Cato, CEO.
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