Fashion retailer Cato's Q3 sales rise 6%, net loss narrows to $5.2 mln

Reuters

Nov 20

Fashion retailer Cato's Q3 sales rise 6%, net loss narrows to $5.2 mln

Overview

Cato Q3 sales rise 6% yr/yr, same-store sales up 10%
Net loss narrows to $5.2 mln from $15.1 mln last year
Gross margin improves to 32% from 28.8% due to lower costs

Outlook

Company anticipates challenging fourth quarter due to slowdown in employment growth
Cato plans to manage expenses and inventory levels tightly in Q4

Result Drivers

SALES RECOVERY - Co attributes positive Q3 sales trend to absence of last year's hurricane disruptions and supply chain issues
COST MANAGEMENT - Gross margin improvement driven by lower freight, distribution, buying and occupancy costs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Retail Sales		$153.74 mln
Q3 EPS		-$0.28
Q3 Net Income		-$5.19 mln
Q3 Basic EPS		-$0.28
Q3 Pretax Profit		-$6.35 mln

Press Release: ID:nPn88zJrma

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CATO","symbol_name":"加图商场","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251120:nL1N3WW0GN:1","article_id":"2584396551","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584396551","pubTimestamp":1763641362,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Fashion retailer Cato's Q3 sales rise 6%, net loss narrows to $5.2 mlnOverviewCato Q3 sales rise 6% yr/yr, same-store sales up 10%Net loss narrows to $5.2 mln from $15.1 mln last yearGross margin impr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CATO":"加图商场","BK4094":"服装零售"},"translate_title":"时装零售商Cato第三季度销售额增长6%，净亏损收窄至520万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CATO":0.9},"content_text":"Fashion retailer Cato's Q3 sales rise 6%, net loss narrows to $5.2 mlnOverviewCato Q3 sales rise 6% yr/yr, same-store sales up 10%Net loss narrows to $5.2 mln from $15.1 mln last yearGross margin improves to 32% from 28.8% due to lower costsOutlookCompany anticipates challenging fourth quarter due to slowdown in employment growthCato plans to manage expenses and inventory levels tightly in Q4Result DriversSALES RECOVERY - Co attributes positive Q3 sales trend to absence of last year's hurricane disruptions and supply chain issuesCOST MANAGEMENT - Gross margin improvement driven by lower freight, distribution, buying and occupancy costsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Retail Sales$153.74 mlnQ3 EPS-$0.28Q3 Net Income-$5.19 mlnQ3 Basic EPS-$0.28Q3 Pretax Profit-$6.35 mlnPress Release: ID:nPn88zJrmaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}