CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported a loss of $3 million in its fiscal fourth quarter.
On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 14 cents.
The clothing retailer posted revenue of $179 million in the period.
For the year, the company reported profit of $29,000. Revenue was reported as $759.3 million.
Cato shares have decreased 5% since the beginning of the year. The stock has declined 47% in the last 12 months.
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