Home / Knowledge / News / Fashion / Women's fashion apparel retailer Cato's same store sales up 5% in June

Women's fashion apparel retailer Cato's same store sales up 5% in June

08
Jul '05
Leading specialty value-priced women's fashion apparel retailer The Cato Corporation reported sales of $79.1 million for the five weeks ended July 2, 2005, a 10% increase over sales of $72.1 million for the five weeks ended July 3, 2004. Comparable store sales for the month increased 5%.

Expects 2Q EPS to be at high end of previous estimate.

Sales for the twenty-two weeks ended July 2, 2005 were $366.5 million versus sales of $346.8 million for the twenty-two weeks ended July 3, 2004, a 6% increase. The Company's year-to-date comparable store sales increased 1%.

All earnings per diluted share references are on a split adjusted basis that reflects the Company's recent three for two stock split.

"For the second quarter, we expect earnings per diluted share to be at the high end of our previous estimate of $.27 to $.28 versus $.26 last year, an increase of 4% to 8%," stated John Cato, Chairman, President, and Chief Executive Officer. "Our estimate of first half earnings per diluted share is $.85 to $.86 versus $.80 last year, an increase of 6% to 8%."

During the month of June, the Company opened eight new stores, relocated two stores, and closed one store. New stores opened in Tucson, AZ, El Dorado, KS, Louisville, KY, Donaldsonville, LA (2 stores), Madison and Philadelphia, MS, and Belton, TX. Stores were relocated in Plainview, TX and Waynesboro, VA. As of July 2, 2005, The Cato Corporation operated 1,196 stores in 31 states, compared to 1,129 stores in 28 states as of July 3, 2004.

The Cato Corporation is a leading specialty retailer of value-priced women's fashion apparel operating two divisions, "Cato" and "It's Fashion!". The Company offers exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices, every day.

Cato Corporation


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 26th Feb 2021

Indonesia imposes ADD on RMG products

Indonesia recently imposed anti-dumping duty (ADD) equivalent to a...

Pic: Shutterstock

Textiles | On 26th Feb 2021

ITC supports boosting Tajik textile-clothing sector's

As part of the International Trade Centre's (ITC) intensive training...

Pic: GOTS

Textiles | On 26th Feb 2021

GOTS certifications grow by 34 per cent in 2020

In 2020, the number of GOTS certified facilities have reported a...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Industry could be looking at 10%-15% job losses

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Matthias Eilert,

Matthias Eilert

Germany-based Forbo Movement Systems division is a global leader in...

Abhishek Dhanuka,

Abhishek Dhanuka

Vyom International Pvt Ltd, established in 2002, is one of Surat's leading ...

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search