The Cato Corporation reported sales results for the five weeks and year to date ended December 29, 2012. The company reported sales for the five weeks ended December 29, 2012 of $103.3 million, a 4% decrease from sales of $107.5 million for the five weeks ended December 31, 2011. Same-store sales for the month decreased 7%.

Sales for the eleven months ended December 29, 2012 were $870.0 million, flat to sales of $870.2 million for the eleven months ended December 31, 2011. The Company's year-to-date same-store sales decreased 3%.

The company revised its earnings guidance for the fourth quarter and full year of 2012. The company now expects that fourth quarter earnings per diluted share will be within the range of $0.34 to $0.36, versus its original guidance of $0.38 to $0.42 and $0.35 last year.

The company now expects full year earnings per diluted share is now in the range of $2.17 to $2.19 vs. its most recent guidance of $2.22 to $2.26 and $2.21 last year.

The company closed one store during December. As of December 29, 2012, the Company operated 1,311 stores in 31 states, compared to 1,287 stores in 31 states as of December 31, 2011.