Cato Q1 EPS $0.54 Up From $0.22 YoY, Sales $177.10M Down From $192.05M YoY
Portfolio Pulse from Benzinga Newsdesk
Cato (NYSE:CATO) reported a significant increase in Q1 EPS to $0.54, up 145.45% from $0.22 YoY, despite a 7.78% decrease in sales to $177.10M from $192.05M YoY.
May 23, 2024 | 11:35 am
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Cato reported a significant increase in Q1 EPS to $0.54, up 145.45% from $0.22 YoY, despite a 7.78% decrease in sales to $177.10M from $192.05M YoY.
The significant increase in EPS indicates improved profitability, which is a positive signal for investors. However, the decrease in sales may raise concerns about revenue growth. Overall, the strong EPS growth is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100