# EDGAR Filing Document

**Accession Number:** 0000018255
**File Stem:** 0001562762-25-000220
**Filing Date:** 2025-8
**Character Count:** 13975
**Document Hash:** 0f7d4a84f376e3e1c7921cc60c5e824e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562762-25-000220.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001562762-25-000220

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250821

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CATO CORP
- **CENTRAL INDEX KEY:** 0000018255
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-WOMEN'S CLOTHING STORES [5621]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 560484485
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-31340
- **FILM NUMBER:** 251257375

**BUSINESS ADDRESS:**
- **STREET 1:** 8100 DENMARK ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28273-5975
- **BUSINESS PHONE:** 7045517352

**MAIL ADDRESS:**
- **STREET 1:** 8100 DENMARK ROAD
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28273-5975

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CATO STORES INC
- **DATE OF NAME CHANGE:** 19701002

?xml version='1.0' encoding='ASCII'? cato-20250821

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

450 Fifth Street NW

Washington, D.C. 29549

#### Form

#### 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

August 21, 2025

#### THE CATO CORPORATION
(Exact Name of Registrant as Specified in Its Charter)

Delaware

1-31340

56-0484485

(State or Other Jurisdiction

of Incorporation

(Commission

File Number)

(IRS Employer

Identification No.)

8100 Denmark Road

,

Charlotte

,

North Carolina

(Address of Principal Executive Offices)

28273-5975

(Zip Code)

(704) 554-8510

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant

under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A - Common Stock, par value $.033 per share

CATO

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities

Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

THE CATO CORPORATION

#### Item 2.02. Results of Operations and Financial Condition
On August 21, 2025 The Cato Corporation issued a press release regarding its financial results for the second quarter

ending August 2, 2025. A copy of this press release is hereby incorporated as Exhibit 99.1 hereto.

#### Item 9.01. Financial Statements and Exhibits.
(d) Exhibits

[Exhibit 99.1 - Press Release issued August 21, 2025](exhibit991.htm)

Exhibit 104 – Cover Page Interactive Data File (embedded within Inline XBRL document)

#### Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this

report to be signed on its behalf by the undersigned thereunto duly authorized.

THE CATO CORPORATION

August 26, 2025

/s/ John P. D. Cato

Date

John P. D. Cato

Chairman, President and

Chief Executive Officer

August 26, 2025

/s/ Charles D. Knight

Date

Charles D. Knight

Executive Vice President

Chief Financial Officer

Exhibit Index

#### Exhibit

#### No.
[99.1 - Press Release issued August 21, 2025](exhibit991.htm)

99.1 104 Cover page Interactive Data File (embedded within Inline

XBRL document)

## Exhibit 99.1

#### EXHIBIT 99.1

#### NEWS RELEASE

#### FOR IMMEDIATE RELEASE
For Further Information Contact:

Charles D. Knight

Executive Vice President

Chief Financial Officer

InvestorRelations@catocorp.com

#### CATO REPORTS 2Q RESULTS
CHARLOTTE, N.C. (August 21, 2025) – The Cato Corporation (NYSE: CATO) today reported net income of $6.8

million or $0.35 per diluted share for the second quarter ended August 2, 2025, compared to net income of $0.1 million or

$0.01 per diluted share for the second quarter ended August 3, 2024.

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

prior year.

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

concepts, "Cato," "Versona" and "It's Fashion." The Company's Cato stores offer exclusive merchandise with fashion

and quality comparable to mall specialty stores at low prices every day. The Company also offers exclusive merchandise

found in its Cato stores at www.catofashions.com. Versona is a unique fashion destination offering apparel and

accessories including jewelry, handbags and shoes at exceptional prices every day. Select Versona merchandise can also

be found at www.shopversona.com. It's Fashion offers fashion with a focus on the latest trendy styles for the entire

family at low prices every day.

*Statements in this press release that express a belief, expectation or intention, as well as those that are not a historical* 

*fact,*

 *including, without limitation, statements regarding the Company's expected or estimated operational financial* 

*results, activities or opportunities, and potential impacts and effects of interest rates, inflation or other factors that may* 

*affect our customers' discretionary spending or our costs are considered "forward-looking" within the meaning of The* 

*Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations that* 

*are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ* 

*materially from those contemplated by the forward-looking statements. Such factors include, but are not limited to, any* 

*actual or perceived deterioration in, or continuation of negative trends in, the conditions that drive consumer confidence* 

*and spending, including, but not limited to, prevailing social, economic, political and public health conditions and* 

*uncertainties, levels of unemployment, fuel, energy and food costs, inflation, wage rates, tax rates, interest rates, home* 

*values, consumer net worth and the availability of credit; changes in laws, regulations or government policies affecting* 

*our business including but not limited to tariffs; uncertainties regarding the impact of any governmental action regarding,* 

*or responses to, the foregoing conditions; competitive factors and pricing pressures; our ability to predict and respond to* 

*rapidly changing fashion trends and consumer demands; our ability to successfully implement our new store development* 

*strategy to increase new store openings and the ability of any such new stores to grow and perform as expected;* 

*underperformance or other factors that may lead to, or affect the volume of, store closures; adverse weather, public* 

*health threats (including the global coronavirus (COVID-19) outbreak), acts of war or aggression or similar conditions* 

*that may affect our merchandise supply chain, sales or operations; inventory risks due to shifts in market demand,* 

*including the ability to liquidate excess inventory at anticipated margins; adverse developments or volatility affecting the* 

*financial services industry or broader financial markets; and other factors discussed under "Risk Factors" in Part I, Item* 

*1A of the Company's most recently filed annual report on Form 10-K and in other reports the Company files with or* 

*furnishes to the SEC from time to time. The Company does not undertake to publicly update or revise the forward-looking* 

*statements even if experience or future changes make it clear that the projected results expressed or implied therein will* 

*not be realized. The Company is not responsible for any changes made to this press release by wire or Internet services.* 

\* \* \*

#### THE CATO CORPORATION

#### CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

#### FOR THE PERIODS ENDED August 2, 2025 AND August 3, 2024
(Dollars in thousands, except per share data)

#### Quarter Ended

#### Six Months Ended

#### August 2,

#### %
Auust 3,

%

#### August 2,

#### %
Auust 3,

%

#### 2025

#### Sales
2024

Sales

#### 2025

#### Sales
2024

Sales

#### REVENUES
Retail sales

#### $

#### 174,653

#### 100.0%
$

166,934

100.0%

#### $

#### 343,072

#### 100.0%
$

342,206

100.0%

Other revenue (principally finance,

late fees and layaway charges)

#### 1,856

#### 1.1%
1,694

1.0%

#### 3,679

#### 1.1%
3,521

1.0%

Total revenues

#### 176,509

#### 101.1%
168,628

101.0%

#### 346,751

#### 101.1%
345,727

101.0%

#### GROSS MARGIN (Memo)

#### 63,186

#### 36.2%
57,812

32.5%

#### 122,288

#### 35.6%
120,579

35.2%

#### COSTS AND EXPENSES, NET
Cost of goods sold

#### 111,467

#### 63.8%
109,122

67.5%

#### 220,784

#### 64.4%
221,627

64.8%

Selling, general and administrative

#### 57,371

#### 32.8%
58,181

39.4%

#### 112,696

#### 32.8%
114,933

33.6%

Depreciation

#### 2,525

#### 1.4%
2,329

1.6%

#### 5,089

#### 1.5%
4,369

1.3%

Interest and other income

#### (1,393)

#### -0.8%
(1,742)

-1.0%

#### (2,594)

#### -0.8%
(7,563)

-2.2%

Costs and expenses, net

#### 169,970

#### 97.3%
167,890

107.6%

#### 335,975

#### 97.9%
333,366

97.4%

Income Before Income Taxes

#### 6,539

#### 3.7%
738

-6.6%

#### 10,776

#### 3.1%
12,361

3.6%

Income Tax Expense

(293) #### -0.2%
643

-2.7%

#### 635

#### 0.2%
1,292

0.4%

Net Income (Loss)

#### $

#### 6,832

#### 3.9%
$

-3.9%

#### $

#### 10,141

#### 3.0%
$

11,069

3.2%

Basic Earnings Per Share

#### $0.35 $

0.01 0.51 $

0.54 Diluted Earnings Per Share

0.35 $

0.01 0.51 $

0.54 #### THE CATO CORPORATION

#### CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)

#### August 2,
February 1,

#### 2025
2025

(Unaudited)

(Unaudited)

#### ASSETS
Current Assets

Cash and cash equivalents

#### $

#### 34,225
$

20,279

Short-term investments

#### 56,550
57,423

Restricted cash

#### 2,675
2,799

Accounts receivable - net

#### 26,152
24,540

Merchandise inventories

#### 97,273
110,739

Other current assets

#### 8,941
7,406

Total Current Assets

#### 225,816
223,186

Property and Equipment - net

#### 57,641
60,326

Other Assets

#### 20,201
19,979

Right-of-Use Assets, net

#### 133,228
148,870

TOTAL

#### $

#### 436,886
$

452,361

#### LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities

#### $

#### 121,470
$

130,684

Current Lease Liability

#### 53,877
57,555

Noncurrent Liabilities

#### 13,340
13,485

Lease Liability

#### 76,018
88,341

Stockholders' Equity

#### 172,181
162,296

TOTAL

#### $

#### 436,886
$

452,361