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Sales soar in Q3 at women's fashion apparel retailer Cato
16 Nov '05
3 min read
'They estimate fourth quarter earnings per diluted share will be in the range of $.28 to $.30 versus $.26 last year, an increase of 8 percent to 15 percent.
This estimate is based on comparable store sales in the range of down 2 percent to up 2 percent.
For the year, earnings per diluted share are estimated to be in the range of $1.32 to $1.34 versus $1.11 last year, an increase of 19 percent to 21 percent.'
The Company repurchased 148,300 shares during the third quarter at an average cost of $18.93 and has 1,595,000 shares remaining in its repurchase program.
During the third quarter, the Company opened 25 new stores.
Year-to-date the Company has opened 52 new stores, relocated 11 stores, and closed seven stores.
As of October 29, 2005, the Company operated 1,222 stores in 31 states, compared to 1,149 stores in 29 states as of October 30, 2004.
In the fourth quarter, the Company expects to open 31 stores, which would bring the total number of new stores opened for the year to 83.
Leading specialty retailer of value-priced women's fashion apparel Cato Corporation is 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.
This estimate is based on comparable store sales in the range of down 2 percent to up 2 percent.
For the year, earnings per diluted share are estimated to be in the range of $1.32 to $1.34 versus $1.11 last year, an increase of 19 percent to 21 percent.'
The Company repurchased 148,300 shares during the third quarter at an average cost of $18.93 and has 1,595,000 shares remaining in its repurchase program.
During the third quarter, the Company opened 25 new stores.
Year-to-date the Company has opened 52 new stores, relocated 11 stores, and closed seven stores.
As of October 29, 2005, the Company operated 1,222 stores in 31 states, compared to 1,149 stores in 29 states as of October 30, 2004.
In the fourth quarter, the Company expects to open 31 stores, which would bring the total number of new stores opened for the year to 83.
Leading specialty retailer of value-priced women's fashion apparel Cato Corporation is 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
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