CATO REPORTS 4Q AND FULL YEAR EARNINGS

CHARLOTTE, N.C., March 16, 2023 /PRNewswire/ -- The Cato Corporation (NYSE: CATO) today reported a net loss of $3.0 million or ($0.14) per diluted share for the fourth quarter ended January 28, 2023, compared to a net loss of $6.5 million or ($0.30) per diluted share for the fourth quarter ended January 29, 2022. Full-year fiscal 2022 net income was $0.0 million or $0.00 per diluted share compared to net income of $36.8 million or $1.65 per diluted share for 2021.