(Reuters) - "March sales were below expectations due to the negative impact of record cold weather the week of Easter," Chief Executive John Cato said in a statement.
For the first quarter, Cato now expects earnings of 70 cents to 72 cents a share. In March, it had forecast earnings of 77 cents to 79 cents a share. It expects same-store sales to be in the range of down 1 percent to down 4 percent for the quarter.
Read more at Reuters.com Market News
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