Women’s apparel retailer Cato Corp. said that first-quarter profit rose 4% to $31.7 million, from $30.5 million last year, prompting the company to raise its full-year profit forecast.
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.