Cato March Comps. Up 6% - Quick Facts

(RTTNews) - The Cato Corp. (CATO) reported sales for the five weeks ended April 7, 2018 of $96.9 million, a 4% increase over sales of $93.1 million for the five week period ended April 1, 2017. Same-store sales for the five weeks ended April 7, 2018 increased 6% from the five weeks ended April 8, 2017. The company noted that its March sales were positively impacted by the shift of Easter from April last year to March in the current year.

John Cato, CEO, said: We expect April same-store sales to be in the high negative single digits and the combined two months' same-store sales to be in the low negative single digits."