Cato Corp. Sept. Same-store Sales Up 2%; Lifts Q3 EPS Guidance - Quick Facts

(RTTNews) - The Cato Corp. (CATO) reported sales of $83.2 million for the five weeks ended October 3, 2015, a 4% increase over sales of $79.7 million for the five weeks ended October 4, 2014. Same-store sales for the five-week period increased 2%.

Sales for the thirty-five weeks ended October 3, 2015 were $680.9 million, up 2% from sales of $670.0 million for the thirty-five weeks ended October 4, 2014. Year-to-date same-store sales decreased 1% from the prior year.

The company now expects its third-quarter earnings per share will be in the range of $0.18 to $0.22, up from our previous guidance of $0.12 to $0.16.