General - Notes to Financial Statements

3 Months Ended

May 05, 2018

General Dsiclosure [Abstract]

Summary of Significant Account Policies

NOTE 1- GENERAL:

The condensed consolidated financial statements as of May 5, 2018 and for the thirteen-week period ended May 5, 2018 and April 29, 2017 have been prepared from the accounting records of The Cato Corporation and its wholly-owned subsidiaries (the “Company”), and all amounts shown are unaudited. In the opinion of management, all adjustments considered necessary for a fair statement have been included. All such adjustments are of a normal, recurring nature unless otherwise noted. The results of the interim period may not be indicative of the results expected for the entire year.

The interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto, included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2018. Amounts as of February 3, 2018 have been derived from the audited balance sheet, but do not include all disclosures required by accounting principles generally accepted in the United States of America.

On May 24, 2018, the Board of Directors maintained the quarterly dividend at$0.33 per share.

Subsequent to May 5, 2018, the Company repurchased 78,500 shares for $1,407,519.