Citi Trends Announces Third 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 sales of $179.1 million; Comparable store sales growth of 5.7%Gross margin of 39.8%, expansion of 160 basis points from Q3 2023Strong financial position with liquidity of approximately $114 million and no debtStrong start to Holiday SeasonCompany raises Outlook for second half of Fiscal 2024 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 third quarter ended November 2, 2024.Financial Highlights – Third Quarter 2024Total sales of $179.1 million decreased 0.3% vs. Q3 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 5.7% compared to Q3 2023 driven by increases in traffic, basket and conversion, reflecting improved product and better allocation methodsGross margin of 39.8% vs. 38.2% in Q3 2023, an increase of 160 basis
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News
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Citi Trends, Inc. (NASDAQ: CTRN)PR Newswire
- Citi Trends, Inc. (NASDAQ: CTRN) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Citi Trends, Inc. (NASDAQ: CTRN) had its price target raised by analysts at DA Davidson from $20.00 to $28.00. They now have a "buy" rating on the stock.MarketBeat
- Citi Trends, Inc. (NASDAQ: CTRN) had its price target raised by analysts at Craig Hallum from $14.00 to $20.00. They now have a "hold" rating on the stock.MarketBeat
- Companies Like Citi Trends (NASDAQ:CTRN) Are In A Position To Invest In Growth [Yahoo! Finance]Yahoo! Finance
CTRN
Sec Filings
- 12/19/24 - Form 4
- 12/11/24 - Form 10-Q
- 12/6/24 - Form SC
- CTRN's page on the SEC website