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General
 9 Months Ended
Nov. 01, 2025
General [Abstract]  
General
NOTE 1 - GENERAL
:
The
condensed
consolidated
financial
statements
as
of
November
1,
2025
and
for
the
three
and
nine
months ended November 1, 2025 and November 2,
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 which
is included
in Interest
and other
income in
the accompanying
Condensed
Consolidated Statements of Income
(Loss) and Comprehensive Income
(Loss) for the
nine months ended
November 2, 2024.
During
the
third
quarter
of
fiscal
2024,
the
Company
received
$
8.6
million
from
the
insurance
claim
settlement and sale of its corporate jet.