Cato June Same-Store Sales Rise 1%; Reconfirms Q2 EPS View - Quick Facts

(RTTNews) - Cato Corp. (CATO) reported that Same-store sales for the five weeks ended July 6, 2013 increased 1%. Sales for the five weeks ended July 6, 2013 were $86.1 million, a 3% increase from sales of $83.7 million for the five weeks ended June 30, 2012.

Sales for the twenty-two weeks ended July 6, 2013 were $435.0 million, down 1% to sales of $440.8 million for the twenty-two weeks ended June 30, 2012. The company's year-to-date same-store sales decreased 3%.

The company still expect second quarter earnings per share will be within its original guidance of $0.42 to $0.48, a decrease of 29% to 19% compared to $0.59 last year.