Women’s wear retailer Cato has posted slightly lower second quarter profits, warning of uncertainty ahead.

For the six months ended 31 July, the company earned net income of $43.1m, compared with net income of $35.5m in the prior year period.

“We experienced good same-store sales in the second quarter and continued to control our inventory well,” said John Cato, CEO. “Even with better than expected sales year-to-date, we continue to believe much uncertainty exists as we look forward. We are maintaining our original guidance for the second half of the year and we continue to manage our business tightly.”

Cato’s earnings per diluted share for the year is estimated to be in the range of $1.83 to $1.89 versus $1.55 last year.

Click here to view the company’s full second quarter financial statement.

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