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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Cato's retained earnings for the quarter that ended in Jan. 2024 was $64.3 Mil.
The Cato's quarterly retained earnings declined from Jul. 2023 ($100.8 Mil) to Oct. 2023 ($91.2 Mil) and declined from Oct. 2023 ($91.2 Mil) to Jan. 2024 ($64.3 Mil).
The Cato's annual retained earnings declined from Jan. 2022 ($134.2 Mil) to Jan. 2023 ($104.7 Mil) and declined from Jan. 2023 ($104.7 Mil) to Jan. 2024 ($64.3 Mil).
The historical data trend for The Cato's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Cato Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 203.46 | 129.30 | 134.21 | 104.71 | 64.28 |
The Cato Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Retained Earnings | Get a 7-Day Free Trial | 104.71 | 103.43 | 100.76 | 91.19 | 64.28 |
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
The Cato (NYSE:CATO) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Bailey W Patrick | director | |
Cato John P D | director, officer: CHAIRMAN/PRESIDENT/CEO | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234 |
Audrey Schwarz | officer: Vice President, DMM | PO BOX 34216, CHARLOTTE NC 28234 |
Charles D Knight | officer: EVP - Chief Financial Officer | TOYS R US, INC., ONE GEOFFREY WAY, WAYNE NJ 07470-2030 |
Hang Matchett | officer: SVP-Mdse Plan, Alloc&Ctrl, MIO | PO BOX 34216, CHARLOTTE NC 28234 |
Karen Anne Collins | officer: SVP-Tsry,Tax,Fin Pln,Tax,Cr,IR | PO BOX 34216, CHARLOTTE NC 28234 |
Theresa J Drew | director | ONE NORTH SECOND STREET, HARTSVILLE SC 29550 |
Daniel Harding Stowe | director | CATO CORP, PO BOX 34216, CHARLOTTE NC 28234-4216 |
Abby Shearer | officer: SVP, General Merchandise Mgr | PO BOX 34216, CHARLOTTE NC 28234 |
Lewis Pamela S Dr | director | QUEENS UNIVERSITY OF CHARLOTTE, 1900 SELWYN AVENUE, CHARLOTTE NC 28274 |
Scott Gurvis | officer: SVP,Treasury, Fin Plan, Credit | PO BOX 34216, CHARLOTTE NC 28234 |
Weisiger, Jr Edward I | director | PO BOX 34216, CHARLOTTE NC 28234 |
Vickie Smith | officer: SVP, MERCH PLNG, ALLOC & CNTL | C/O DESTINATION XL GROUP, INC., 555 TURNPIKE STREET, CANTON MA 02021 |
Lisa Krows | officer: SVP, DESIGN, TREND & COLOR | PO BOX 34216, CHARLOTTE NC 28234 |
Cathy Bailey | officer: SVP, GMM (CATO DIV) | PO BOX 34216, CHARLOTTE NC 28234 |
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