customers’ discretionary spending. Tariff Pressures On July 24, 2026, the Office of the U.S. Trade Representative (“USTR”) imposed tariffs ranging from 10% to 12.5% under Section 301 of the Trade Act of 1974 on various countries, including countries where a significant portion of our products are manufactured, following investigation of these countries’ efforts to proh

filing / Aug 27, 2026 / receipt

discretionary spending into the foreseeable future. In addition, our ability to pass through cost increases caused by rising fuel prices, potential increased tariffs or other factors will be limited due in part to the pressure on our customers’ discretionary spending.

filing / Aug 27, 2026 / receipt

to the pressure on our customers’ discretionary spending. THE CATO CORPORATION MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (CONTINUED) 25 Comparison of First Quarter of 2026 with 2025 Total retail sales for the first quarter were $169.4 million compared to last year’s first quarter sales of $168.4 million.

filing / May 28, 2026 / receipt

discretionary spending. In addition, our ability to pass through costs caused by rising fuel prices and potential increased tariff costs will be limited due in part to the pressure on our customers’ discretionary spending.

filing / May 28, 2026 / receipt