Home / Knowledge / News / Fashion / Women's fashion apparel retailer Cato reaffirms Q1 guidance

Women's fashion apparel retailer Cato reaffirms Q1 guidance

Apr '08
The Cato Corporation reported sales for the five weeks ended April 5, 2008 of $89.2 million, a 6% decrease from sales of $95.1 million for the five week period ended April 7, 2007. Comparable store sales for the month decreased 9%.

Sales for the nine weeks ended April 5, 2008 were $156.4 million, a 2% decrease from sales of $160.0 million for the nine weeks ended April 7, 2007. The Company's year-to-date comparable store sales decreased 4%.

March sales were unfavorably impacted by the shift of Easter to March 23rd this year versus April 8th last year, while April sales are expected to be favorably impacted by this shift. More specifically, the soft sales week following Easter shifted to March this year compared to April last year.

"In addition to the Easter shift, March sales were impacted by the current retail environment," stated John Cato, Chairman, President, and Chief Executive Officer. "We remain comfortable with our estimated first quarter earnings per diluted share range of $.49 to $.55, a decrease of 17% to 7% from first quarter 2007 diluted earnings per share of $.59."

During the month of March, the Company opened four stores and closed five stores. The new stores opened in Louisville, KY, Rome, NY, Coweta, OK, and Blythewood, SC. As of April 5, 2008, the Company operated 1,320 stores in 32 states, compared to 1,281 stores in 31 states as of April 7, 2007.

Cato Corporation

Must ReadView All


Textiles | On 22nd Oct 2020

Trade rebounds marginally in Q3, stays negative: UNCTAD

The United Nations Conference on Trade and Trade and Development...

Pic: Shutterstock

Apparel/Garments | On 22nd Oct 2020

APAC garment units suffer as COVID hits supply chain: ILO

The COVID-19 crisis has badly hit the garment sector in the...

Pic: Shutterstock

Textiles | On 22nd Oct 2020

RCEP pact likely to be signed at 4th RCEP Summit in Nov

The Regional Comprehensive Economic Partnership (RCEP) is likely to...

Interviews View All

Headhonchos, Indian fashion industry

Indian fashion industry

Organic the first choice of any environment-conscious person

Evelyne Cholet, UCMTF

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Top executives, Association

Top executives

'Support and Outreach' huge relief for MSMEs

Rajesh Vig & Ritu Vig,

Rajesh Vig & Ritu Vig

Rajesh Vig and Ritu Vig, promoters of the kidswear brand Happy Feet,...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Amol Bhagwati,

Amol Bhagwati

A textile finishing solution provider, Inspiron Engineering Private...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Dave Rousse, INDA

Dave Rousse

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

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

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2020

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

Advanced Search