Friday, January 6, 2017

Cato Corp. (CATO) Sank To A New Low After 2016 Guidance Reduced

Cato Corp. (CATO) announced Thursday morning that same-store sales for December decreased 12%. The company now expects a wider loss in the fourth quarter due to reduced margins and store impairment charges. It also cut full year 2016 earnings per share outlook.

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