CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported fiscal first-quarter net income of $11 million.
The Charlotte, North Carolina-based company said it had profit of 54 cents per share.
The clothing retailer posted revenue of $177.1 million in the period.
Cato shares have declined 27% since the beginning of the year. The stock has dropped 37% in the last 12 months.
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