FX.co ★ Cato Q3 Net Loss Sharply Widens; Sales Decline

Specialty retailer Cato Corp. (CATO) announced on Thursday a significant net loss for the third quarter, amounting to $15.07 million or $0.79 per share. This reflects a notable increase from the $6.08 million or $0.30 per share reported in the same period last year. Additionally, the company's total revenues for the quarter saw an 8% decline, dropping to $146.17 million compared to $158.26 million in the previous year's corresponding quarter. Same-store sales recorded a decrease of 3%.