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General
6 Months Ended
Aug. 02, 2025
General [Abstract]  
General
 
NOTE 1 - GENERAL
:
The condensed
 
consolidated financial
 
statements as
 
of August
 
2, 2025
 
and for
 
the three
 
and six
 
months
ended August
 
2, 2025
 
and August
 
3, 2024
 
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 of
 
the financial
statements have
 
been included.
 
All such
 
adjustments are
 
of a
 
normal, recurring
 
nature unless
 
otherwise
noted.
 
The results of the interim periods
 
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 1,
 
2025.
 
Amounts as
 
of February
 
1, 2025
 
have been
 
derived from the
 
audited annual
 
financial
statements, but
 
do not
 
include all
 
disclosures required by
 
accounting principles
 
generally accepted in
 
the
United States of America.
On February 16, 2024, the Company closed
 
on the sale of land held
 
for investment. The sale resulted in a
net
 
gain
 
of
 
$
3.2
 
million
 
and
 
is
 
included
 
in
 
Interest
 
and
 
other
 
income
 
in
 
the
 
accompanying
 
Condensed
Consolidated Statements of Income and Comprehensive Income
 
in the first quarter of fiscal 2024.