Cato Corporation has reported an increased loss in its fourth quarter compared to the previous year. The company experienced a loss of $23.42 million, which translates to -$1.14 per share. This is a significant increase compared to last year's fourth-quarter loss of $2.99 million or -$0.14 per share.
Furthermore, Cato Corporation's quarterly revenue dropped by 2.3%, decreasing from $179.05 million to $174.88 million year-over-year.
To summarize the company's fourth quarter GAAP financial performance: The earnings were -$23.42 million against -$2.99 million of the last year. The earnings per share (EPS) were -$1.14, up from -$0.14 of the previous year. The company's revenue was $174.88 million, down from $179.05 million of the last year.
