Cato July, Q2 Same Store Sales Rise - Quick Facts

(RTTNews) - Cato Corp. (CATO), a specialty retailer of fashion apparel and accessories, reported Thursday that its same-store sales for the month of July were up 4 percent to the prior year.

Sales were $65.3 million for the four weeks ended August 2, up 6 percent from $61.6 million last year.

Second quarter same-store sales increased 3 percent. sales for the quarter grew 6 percent to $243.8 million from $229.4 million a year ago.

Looking ahead, the company now expects second-quarter earnings per share to be in the range of $.50 to $.53 vs. $.51 last year, a decrease of 2 percent to an increase of 4 percent.

The company will release second quarter results on Thursday, August 21.

As of August 2, Cato operated 1,328 stores in 32 states, compared to 1,306 stores in 31 states as of August 3, 2013.