Cato Corporation has sharply reduced its Q3 loss to $5.2 million as revenues rose to $155.4 million and gross margin improved to 32 per cent.
Same-store sales climbed 10 per cent, while SG&A costs eased.
In 9M period, Cato returned to a $5 million profit with stronger margins and lower expenses.
The retailer closed 16 stores as it navigates a softer economic outlook.
Same-store sales climbed 10 per cent, while SG&A costs eased.
In 9M period, Cato returned to a $5 million profit with stronger margins and lower expenses.
The retailer closed 16 stores as it navigates a softer economic outlook.
