General	3 Months Ended
May 02, 2026
General [Abstract]
General	NOTE 1 - GENERAL : The condensed consolidated financial statements as of May 2, 2026 and for the three months ended May 2, 2026 and May 3, 2025 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 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 January 31, 2026. Amounts as of January 31, 2026 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. In February 2026, the U.S. Supreme Court issued a ruling that tariffs imposed under the International Emergency Economic Powers Act (“IEEPA”) on goods imported into the United States were unauthorized, effectively invalidating IEEPA tariffs. In April 2026, following the Supreme Court’s invalidation of the IEEPA tariffs and the establishment of procedures for processing tariff refunds, the Company submitted a refund claim and recorded a $ 5.7 million reduction in cost of goods sold in the first quarter of fiscal 2026. Subsequent Events: Subsequent to May 2, 2026, the Company repurchased 4,471 shares for $ 12,824 . On May 15, 2026, the Company received a $ 2.6 million partial payment for its tariff refund claim. The Company anticipates receiving payment for the balance of its tariff refund claim by the end of the second quarter of fiscal 2026. The Company received a $ 5.6 million payment for the outstanding balance of the income tax refund receivable due from the IRS.

NOTE 1 - GENERAL

The condensed consolidated

financial statements as

of May 2,

2026 and for

the three months

ended May

2, 2026 and May 3, 2025 have been prepared from the accounting records of

The Cato Corporation and its

wholly-owned

subsidiaries

(the

“Company”),

and

all

amounts

shown

are

unaudited.

the

opinion

management, all

adjustments

considered

necessary

for

fair

statement

the

financial

statements

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

the

Company’s

Annual

Report

Form

10-K

for

the

fiscal

year

ended

January 31,

2026.

Amounts as

of January 31,

2026 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.

February

2026,

the

U.S.

Supreme

Court

issued

ruling

that

tariffs

imposed

under

the

International

Emergency

Economic

Powers

Act

(“IEEPA”)

goods

imported

into

the

United

States

were

unauthorized,

effectively

invalidating

IEEPA

tariffs.

April

2026,

following

the

Supreme

Court’s

invalidation

the

IEEPA

tariffs

and

the

establishment

procedures

for

processing

tariff

refunds,

the

Company submitted a refund claim and recorded a $

5.7

million reduction in cost of goods sold in the first

quarter of fiscal 2026.

Subsequent Events:

Subsequent to May 2, 2026, the Company repurchased

4,471

shares for $

12,824

On May

15, 2026,

the Company

received a

2.6

million partial

payment for

its tariff

refund claim.

The

Company anticipates receiving payment for the

balance of its tariff

refund claim by the end of

the second

quarter of fiscal 2026.

The

Company

received

5.6

million

payment

for

the

outstanding

balance

the

income

tax

refund

receivable due from the IRS.