$CATO

CATO CORP

CIK:0000018255|SEC Filings

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
REVENUES
Retail sales	$ 163,902	$ 174,653	$ 333,312	$ 343,072
Other revenue (principally finance charges, late fees and layaway charges)	1,599	1,856	3,293	3,679
Total revenues	165,501	176,509	336,605	346,751
COSTS AND EXPENSES, NET
Cost of goods sold (exclusive of depreciation shown below)	110,180	111,467	216,520	220,784
Selling, general and administrative (exclusive of depreciation shown below)	54,047	57,371	107,977	112,696
Depreciation	2,246	2,525	4,482	5,089
Interest and other income, net	(2,268)	(1,393)	(3,501)	(2,594)
Costs and expenses, net	164,205	169,970	325,478	335,975
Income before income taxes	1,296	6,539	11,127	10,776
Income tax expense (benefit)	147	(293)	669	635
Net income	$ 1,149	$ 6,832	$ 10,458	$ 10,141
Basic earnings per share	$ 0.06	$ 0.35	$ 0.53	$ 0.51
Diluted earnings per share	$ 0.06	$ 0.35	$ 0.53	$ 0.51
Comprehensive income:
Net income	$ 1,149	$ 6,832	$ 10,458	$ 10,141
Net unrealized gain (loss) on available-for-sale securities, net of deferred income taxes of $0 for each of the three and six months ended August 1, 2026 and August 2, 2025, respectively	(231)	68	(491)	106
Comprehensive income	$ 918	$ 6,900	$ 9,967	$ 10,247

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating Activities:
Net income	$ 10,458	$ 10,141
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	4,482	5,089
Provision for customer credit losses	414	442
Premium amortization and discount accretion on investments	(94)	(464)
Gain on sale of assets held for investment	0	(34)
Share-based compensation	972	587
Gain on disposal of property and equipment	(13)	(37)
Changes in operating assets and liabilities which provided (used) cash:
Accounts receivable	3,853	(2,054)
Merchandise inventories	1,209	13,466
Prepaid and other assets	(1,761)	(1,756)
Operating lease right-of-use assets and liabilities	(189)	(357)
Accounts payable, accrued expenses and other liabilities	3,206	(9,383)
Net cash provided by operating activities	22,537	15,640
Investing Activities:
Expenditures for property and equipment	(2,410)	(2,362)
Purchase of short-term investments	(15,963)	(12,906)
Sales of short-term investments	13,774	14,349
Sales of other assets	0	34
Proceeds from life insurance policy	738	0
Net cash used in investing activities	(3,861)	(885)
Financing Activities:
Repurchase of common stock	(422)	(995)
Proceeds from employee stock purchase plan	73	62
Net cash used in financing activities	(349)	(933)
Net increase in cash, cash equivalents, and restricted cash	18,327	13,822
Cash, cash equivalents, and restricted cash at beginning of period	19,463	23,078
Cash, cash equivalents, and restricted cash at end of period	37,790	36,900
Non-cash activity:
Accrued other assets and property and equipment expenditures	$ 379	$ 334

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026
Current Assets:
Cash and cash equivalents	$ 35,115	$ 16,788
Short-term investments	58,650	56,859
Restricted cash	2,675	2,675
Accounts receivable, net of allowance for customer credit losses of $690 and $682 at August 1, 2026 and January 31, 2026, respectively	20,459	25,462
Merchandise inventories	82,487	83,696
Prepaid expenses and other current assets	9,077	7,787
Total Current Assets	208,463	193,267
Property and equipment - net	51,730	53,748
Other assets	20,942	20,471
Right-of-Use assets - net	142,303	153,933
Total Assets	423,438	421,419
Current Liabilities:
Accounts payable	73,758	64,958
Accrued expenses	31,830	37,101
Accrued bonus and benefits	0	326
Accrued income taxes	52	0
Current lease liability	47,835	53,507
Total Current Liabilities	153,475	155,892
Other noncurrent liabilities	11,264	11,272
Lease liability	90,794	96,941
Commitments and contingencies (Note 10)
Stockholders' Equity:
Preferred stock, $100 par value per share, 100,000 shares authorized, none issued	0	0
Additional paid-in capital	132,384	131,347
Retained earnings	35,066	25,026
Accumulated other comprehensive income (loss)	(217)	274
Total Stockholders' Equity	167,905	157,314
Total Liabilities and Stockholders' Equity	423,438	421,419
Class A Common Stock [Member]
Stockholders' Equity:
Common stock	613	608
Convertible Class B Common Stock [Member]
Stockholders' Equity:
Common stock	$ 59	$ 59