Cato March Same-store Sales Down 5%; Maintains Q1 EPS View - Quick Facts

(RTTNews) - The Cato Corp. (CATO), a specialty retailer of value-priced fashion apparel, Thursday reported a 5 percent decline in its same-store sales for the month of March 2014. In addition, the company backed its first-quarter earnings per share view of $0.89 - $0.95.

Total sales for the five-week period were down 3 percent to $102.0 million from $105.6 million during the same period last year.

For the nine weeks ended April 5, 2014, the company posted sales of $188.9 million, down 1 percent from $190.2 million, last year.

The late arrival of Easter this year negatively impacted the March sales, said the company. However it's April sales are expected to be impacted favorably.