Retailer Cato reports first-quarter earnings with modest year-over-year revenue growth and a 3% rise in same-store sales.
Cato reported first-quarter GAAP earnings per share of $0.47 on revenue of $171.1 million, up 0.5% year-over-year. The company’s same-store sales increased 3% for the period.
The retailer operated 1,065 stores as of May 2, 2026, down from 1,109 stores a year earlier. During the quarter, Cato opened two stores and closed six, continuing a net reduction in its physical footprint.
No immediate market reaction was disclosed in the release.