Cato Posts Quarterly Earnings Results

Specialty retailer reports loss per share for the quarter

Mar. 21, 2026 at 11:19am

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Cato (NYSE:CATO), a specialty apparel retailer headquartered in Charlotte, North Carolina, reported its quarterly earnings results on Thursday. The company reported a loss of $0.55 per share for the quarter, with a negative net margin of 0.90% and a negative return on equity of 3.51%. Cato's revenue for the quarter was $151.66 million.

Why it matters

Cato's quarterly earnings report provides insight into the performance of the specialty retailer, which operates over 1,200 stores across more than 30 U.S. states, primarily in the Southeastern and Mid-Atlantic regions. The company's results reflect the broader challenges facing the retail industry, particularly in the apparel sector.

The details

Cato, which was founded in 1946 by Carl and Bernice Cato, operates two banner store concepts - Cato and Versona - and maintains an e-commerce platform. The company's retail mission centers on providing fashionable women's clothing and accessories at moderate price points.

  • Cato issued its earnings results on Thursday, March 21, 2026.
  • The company's stock opened at $2.98 on Friday, March 22, 2026.

The players

Cato Corporation

A specialty apparel retailer headquartered in Charlotte, North Carolina, with over 1,200 stores across more than 30 U.S. states, primarily concentrated in the Southeastern and Mid-Atlantic regions.

Jacobs Levy Equity Management Inc.

An institutional investor that recently purchased a new position in Cato stock, owning 0.26% of the company at the end of the most recent reporting period.

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The takeaway

Cato's quarterly earnings report highlights the ongoing challenges facing the retail industry, particularly in the apparel sector, as the company reported a loss per share and negative margins for the quarter. The company's performance reflects the broader trends in the industry, as it continues to navigate a changing consumer landscape and competitive environment.