Citi Trends Announces First Quarter Fiscal 2024 Results
Citi Trends, Inc. (CTRN)
Last citi trends, inc. earnings: 5/23 06:45 am
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US:NASDAQ Investor Relations:
ir.cititrends.com
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Source: Business Wire
Total year-over-year sales growth of 3.7% to $186.3 millionComparable sales growth of 3.1%; Gross margin at 38.7%Balance sheet continues to have ample liquidity and no debtCompany reiterates Fiscal 2024 EBITDA Outlook SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended May 4, 2024.Financial Highlights – First Quarter 2024Total sales of $186.3 million increased 3.7% vs. Q1 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 3.1% compared to Q1 2023Gross margin of 38.7% vs. 36.7% as reported and 37.0% as adjusted* in Q1 2023Operating loss of $7.0 million, or $5.6 million as adjusted*, compared to an operating loss of $9.5 million or $7.9 million as adjusted* in Q1 2023Adjusted EBITDA* loss of $0.8 million compar
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News
- Citi Trends Announces 4th Annual Black History Makers Grant Winners [Yahoo! Finance]Yahoo! Finance
- Citi Trends Announces 4th Annual Black History Makers Grant WinnersBusiness Wire
- Citi Trends, Inc. (NASDAQ:CTRN) Just Released Its First-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- Citi Trends, Inc. (NASDAQ: CTRN) had its price target lowered by analysts at Craig Hallum from $27.00 to $25.00. They now have a "hold" rating on the stock.MarketBeat
- Citi Trends, Inc. (NASDAQ: CTRN) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $35.00 price target on the stock.MarketBeat
CTRN
Sec Filings
- 6/25/24 - Form 4
- 6/24/24 - Form 4
- 6/24/24 - Form S-8
- CTRN's page on the SEC website