The Cato Corporation (NYSE:CATO) today reported sales for the four weeks ended February 1, 2020 of $44.2 million, down 1% compared to sales of $44.5 million for the four week period ended February 2, 2019. Same-store sales for January were up 1% compared to the four weeks ended February 2, 2019.
Sales for fiscal fourth quarter ended February 1, 2020 were $188.2 million, a decrease of 1% from sales of $190.4 million for the fourth quarter ended February 2, 2019. For the quarter, same-store sales increased 1% to last year. For the year, the Company's sales decreased 1% to $816.0 million from 2019 sales of $821.2 million. For the year, same-store sales increased 2% over last year.
"January same store sales were below our current trend," stated John Cato, Chairman, President, and Chief Executive Officer.
The Company will release fourth quarter and fiscal year 2019 earnings on Thursday, March 19, 2020.