Cato Nov Same-store Sales Down 8%

(RTTNews) - Cato Corp. (CATO) reported that Same-store sales for the four weeks ended November 25, 2017 decreased 8%. Sales for the four weeks ended November 25, 2017 were $62.2 million, a 9% decrease from sales of $68.2 million for the four week period ended November 26, 2016.

"The November same store sales decline is consistent with our current trend," stated John Cato, Chairman, President, and Chief Executive Officer.

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 continue to expect full year earnings to be significantly below last year.