Cato Corp <CTR.N> reported a 7 percent fall in September sales at its stores open at least a year and cut its third-quarter earnings outlook, hurt by weaker-than-expected sales.

CATO is currently trading at a share price of $7.12, a YTD decline of 25.76%. It has a market cap of $138.4 million. The company is expected to end FY23 at an estimated loss per share of $0.37.

One of Charlotte's oldest retailers, Cato Fashions, turns 72 this year. But the past year has not been one to remember.