EXHIBIT 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
For Further Information Contact:
InvestorRelations@catocorp.com
ノースカロライナ州シャーロット（2025年8月21日） - ケイトー・コーポレーション（NYSE: CATO）は本日、6.8ドルの純利益を計上した。
million or $0.35 per diluted share for the second quarter ended August 2, 2025,
compared to net income of $0.1 million or
2024年8月3日に終了する第2四半期の希薄化後1株当たり0.01ドル。
Sales for the second quarter ended August 2, 2025 were $174.7 million,
or an increase of 5% from sales of $166.9 million
for the second quarter ended August 3, 2024 primarily due to a 9% same-store
sales increase for the quarter compared to
2024.
For the six months ended August 2, 2025, the Company reported net
income of $10.1 million or $0.51 per diluted share,
compared to net income of $11.1 million or $0.54 for the six months ended August 3, 2024.
Sales for the six months
ended August 2, 2025 were $343.1 million, an increase of 0.3% from
sales of $342.2 million for the six months ended
August 3, 2024 primarily due to a 4% same-store sales increase compared
to 2024, mostly offset by the impact of closed
stores.
“Our sales trend continued to improve during the second quarter.
We attribute this improvement in part due to 2024 sales
being impacted by supply chain disruptions,” stated John Cato, Chairman,
President, and Chief Executive Officer.
“We
will continue to tightly manage our expenses as we anticipate the back
half of 2025 to be challenging due to the continued
uncertainty regarding tariffs and the potential negative impact on our product acquisition
costs.”
Gross margin increased from 34.6% to 36.2% of sales in the quarter due
to lower distribution and buying costs, partially
offset by lower merchandise margins.
SG&A expenses as a percent of sales decreased from 34.9% to 32.8%
of sales
during the quarter primarily due to lower payroll and insurance costs, partially
offset by higher advertising and general
corporate costs.
Income tax benefit for the quarter was $0.3 million versus an
income tax expense of $0.6 million in the
前年度
Year
-to-date gross margin increased from 35.2% of sales to 35.6% primarily due to lower
distribution and buying costs,
partially offset by lower merchandise margins.
Year-to-date SG&A expenses were 32.8% as a percent of sales versus
33.6% in the prior year primarily due to lower payroll and insurance
costs, partially offset by higher advertising expenses
and general corporate costs.
Income tax expense for the first half decreased to $0.6 million from
$1.3 million last year.
During the second quarter ended August 2, 2025, the Company
closed eight stores.
As of August 2, 2025, the Company
had 1,101 stores in 31 states, compared to 1,166 stores in 31 states as of August
3, 2024.
The Cato Corporation is a leading specialty retailer of value-priced fashion
apparel and accessories operating three
コンセプトは "Cato"、"Versona"、"It's Fashion "である。カトーの店舗では、モールの専門店に匹敵するファッション性と品質を備えた限定商品を毎日低価格で提供している。
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