Cato Q2 EPS $0.01 Down From $0.06 YoY, Sales $168.63M Down From $182.87M YoY
Portfolio Pulse from Benzinga Newsdesk
Cato Corporation reported a decrease in Q2 earnings per share to $0.01 from $0.06 year-over-year, with sales dropping to $168.63 million from $182.87 million.
August 22, 2024 | 11:20 am
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NEGATIVE IMPACT
Cato Corporation's Q2 financial results show a significant decline in both earnings per share and sales compared to the previous year.
The significant year-over-year decline in both EPS and sales suggests potential challenges for Cato Corporation, likely leading to negative investor sentiment and short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100