Cato Reports Q4 EPS of $0.27 vs. $0.26

The Cato Corporation CATO today reported net income for the fourth quarter ended January 29, 2011.

For the fourth quarter, the Company reported net income of $7.9 million or $0.27 per diluted share, compared to net income of $7.3 million or $0.25 per diluted share for the fourth quarter ended January 30, 2010. For the quarter, both net income and earnings per diluted share increased 8% over the prior year.

Sales for fiscal fourth quarter ended January 29, 2011 were $224.3 million, a 3% increase over sales of $217.7 million for the fourth quarter ended January 30, 2010. For the quarter, same-store sales increased 1%. The Company's sales for 2010 were $913.9 million, an increase of 5% over 2009 sales of $872.1 million. For the year, same-store sales increased 3%.