Nov. 26 at 5:08 PM
$CATO on a roller coaster — What’s driving the volatility? 🎢
🔻 Shares plunged 20.7% over the past month, underperforming the S&P 500’s 1.6% dip.
📈 Yet, Q3 saw a narrower net loss and a 6% sales increase, with same-store sales up 10%.
📊 Gross margin gains were partially offset by consumer price sensitivity, and SG&A costs fell.
Discover what’s next for CATO here 👉 https://www.zacks.com/stock/news/2796192/catos-q3-loss-narrows-year-over-year-as-same-store-sales-drive-growth?cid=sm-stocktwits-2-2796192-body-22646&ADID=SYND_STOCKTWITS_TWEET_2_2796192_BODY_22646