The Cato Corporation (NYSE: CATO) has filed an amendment to its previously submitted Form 8-K, correcting a typographical error in the date of its current year balance sheet. The amendment, filed on March 25, 2026, clarifies that the correct date for the balance sheet is January 31, 2026, rather than the previously stated November 1, 2025. This amendment does not alter any other information previously disclosed in the initial report, which was filed on March 23, 2026. The company reported a net loss of $10.7 million for the fourth quarter ending January 31, 2026, compared to a net loss of $14.1 million for the same period in the previous year. Full-year fiscal 2025 net loss was $5.9 million, an improvement from the $18.1 million loss reported for fiscal 2024. The company’s sales for the fourth quarter were $150 million, down 3.4% from $155.3 million in the prior year. Despite the losses, Cato's same-store sales for the year increased by 4%, indicating a positive trend in customer demand. The company plans to open up to 10 new stores while closing underperforming locations as leases expire, aiming to enhance operational efficiency and customer service. The amendment serves as a reminder of the importance of accuracy in financial reporting, particularly as the company navigates a challenging retail environment.
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