Cato Q3 earnings leap 123%

Charlotte, N.C. -- The Cato Corp. reported Thursday that profit for the quarter ended Oct. 30 surged 123% to $6.7 million, compared with net income of $3 million for the third quarter ended October 31, 2009.



Sales increased 4% to $198 million, compared with $191 million for the year-ago period.



Same-store sales for the quarter increased 2%.



The retailer operated 1,281 stores in 31 states, compared with 1,291 stores in 31 states as of October 31, 2009.