Cato Q2 Profit Flat, Backs 2015 EPS Outlook Range - Quick Facts

(RTTNews) - Value-priced fashion apparel retailer Cato Corp. (CATO) reported that second-quarter net income remained flat with last year at $15.59 million or $0.56 per share.

Total revenues for the quarter grew to $251.27 million from $246.06 million in the same quarter last year.

Retail sales for the quarter was $249.22 million, up 2 percent from $243.78 million last year. Same-store sales for the quarter remained flat.

Looking ahead, the company expects earnings in a range of $0.12 to $0.16 per share for the third quarter and in a range of $0.35 to $0.39 per share for the fourth quarter, with same store sales for both the quarters estimated to be in the range of down 2 percent to flat.

Further, the company expects second-half earnings to be within its original guidance range of $0.46 to $0.55 per share.

For fiscal 2015, the company continues to project earnings within the range of $2.10 to $2.23 per share.