Citi Trends

Citi Trends, Inc. engages in the retail of urban fashion apparel, accessories, and home decor. It offers products under its Citi Steps and Red Ape brands. The company was founded in 1946 and is headquartered in Savannah, GA.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q3 2024

Citi Trends meets Q1 guidance amidst economic challenges, focuses on efficiency

Citi Trends faced challenges in sales and margin, but maintained strong liquidity. The company is focused on managing inventory and expenses, while also investing in technology enhancements. Partnerships and the upcoming ERP system present opportunities for future growth and efficiency.

CTRN reports positive Q2 momentum but faces sales challenges

CTRN's Q2 performance showed positive momentum but also highlighted challenges in total sales and various operational aspects. The company's focus on providing affordable trends to lower-income families remains a strength, while addressing inventory management and economic factors presents opportunities for future growth.

Citi Trends reports Q3 challenges, focuses on top-line growth opportunities

CTRN's Q3 2023 performance reflected a mix of strengths and challenges. The company's focus on driving top-line sales, expanding marketing testing, and leveraging the new ERP system presents opportunities for growth. However, the outlook for fiscal 2023 suggests a cautious approach due to expected sales decline.

Citi Trends reports resilient margins in Q4 2022 earnings call

Citi Trends navigated 2022 with strong margins and cost control, facing challenges in early 2023 but eyeing improvements. The company is strategically focused on store productivity, inventory management, and technology enhancements. With a stable balance sheet and cash reserves, Citi Trends aims to capitalize on opportunities for growth and efficiency.

Citi Trends reports Q1 sales decline, invests in tech upgrades

Citi Trends navigated Q1 challenges with a focus on strategic priorities, corporate social responsibility, and technology enhancements.
While facing macroeconomic headwinds, the company is actively managing inventory and preparing for upcoming seasons.
Investments in modernizing operations and staying relevant in fashion trends position Citi Trends for future growth opportunities.

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Citi Trends, Inc. engages in the retail of urban fashion apparel, accessories, and home trends. It offers products under its Citi Steps and Red Ape brands. The company was founded in 1946 and is headquartered in Savannah, GA.

Citi Trends' 2Q24 results were disappointing, with significant operational losses, inventory markdowns, and decelerating comparable revenues, raising concerns about the company's viability. The stock has lost 50% since February 2024, reflecting a 50% or higher chance of the company never recovering, making it a speculative play. The new CEO's strategies focus on improving product assortment, but results are yet to be seen, and costs have increased.

Citi Trends Is Now A Binary Play On Its Going Concern. Not An Opportunity, But Approaching It

Citi Trends, Inc. (NASDAQ:CTRN ) Q2 2024 Earnings Call Transcript August 27, 2024 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR Ken Seipel - Interim CEO Heather Plutino - CFO Conference Call Participants Michael Baker - D.A. Davidson John Lawrence - The Benchmark Company Jeremy Hamblin - Craig-Hallum Operator Greetings.

Citi Trends, Inc. (CTRN) Q2 2024 Earnings Call Transcript

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 second quarter ended August 3, 2024. Financial Highlights – Second Quarter 2024 Total sales of $176.6 million increased 1.7% vs. Q2 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, decreased 1.7% c.

Citi Trends Announces Second Quarter Fiscal 2024 Results

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the second quarter 2024 before the market opens on Tuesday, August 27, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on August 27, 2024, beginning at 9:00 a.m. ET. The online replay will follow.

Citi Trends Sets Date for Second Quarter 2024 Earnings Release and Conference Call

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Citi Trends, Inc. (NASDAQ:CTRN ) Q1 2024 Earnings Conference Call June 4, 2024 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR Ken Seipel - Interim CEO Heather Plutino - CFO Conference Call Participants Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Capital Group John Lawrence - Benchmark Operator Greetings, and welcome to the Citi Trends First Quarter 2024 Earnings Conference Call.

Citi Trends, Inc. (CTRN) Q1 2024 Earnings Call Transcript

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 2024 Total 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% compar.

Citi Trends Announces First Quarter Fiscal 2024 Results

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), 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 announced that its Board of Directors (the “Board”) has appointed Ken Seipel as the Company's interim Chief Executive Officer (“CEO”), effective June 2, 2024. In connection with the appointment, David Makuen has stepped.

Citi Trends Announces Leadership Transition

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the first quarter 2024 before the market opens on Tuesday, June 4, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on June 4, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortl.

Citi Trends Sets Date for First Quarter 2024 Earnings Release and Conference Call

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Citi Trends, Inc. (CTRN) Q4 2023 Earnings Call Transcript

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 fourth quarter and full year ended February 3, 2024, both of which included an additional week as compared to the comparable prior year periods. Financial Highlights – Fourth Quarter 2023 Total sales of $215.2 million increased.

Citi Trends Announces Fourth Quarter and Fiscal 2023 Results

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SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the fourth quarter and full year 2023 before the market opens on Tuesday, March 19, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2921. A telephonic replay of the conference call will be available until March 28, 2023, by dialing (800) 633-8284 and entering the passcode, 2202902.

Citi Trends Sets Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), 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 announced that it will nominate three new independent directors—David Heath, Charles Liu and Michael Kvitko—for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Stockholders (the “.

Citi Trends Announces Refresh of Board of Directors

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 announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 6, 2024 of $179.5 million compared to $181.9 million in the same period in 2022. Comparable store sales for the quarter-to-date period ending Jan.

Citi Trends Announces 2023 Holiday Sales Results for Quarter-to-date Through January 6, 2024

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SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”) today announced that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights plan (the “Rights Plan”). The Rights Plan is intended to enable all stockholders to realize the full value of their investment in Citi Trends and will reduce the likelihood that any entity, person or group gains control of the Company through open-market accumulation without payin.

Citi Trends Adopts Limited Duration Stockholder Rights Plan

Citi Trends missed on both sales and earnings this morning. Its quarterly loss was actually three times as big as what Wall Street was expecting.

Why Citi Trends Stock Trended Down Today

Citi Trends, Inc. (NASDAQ:CTRN ) Q3 2023 Results Conference Call November 28, 2023 9:00 AM ET Company Participants Nitza McKee - Senior Associate David Makuen - Chief Executive Officer Heather Plutino - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Mike Baker - D.A. Davidson Chuck Grom - Gordon Haskett John Lawrence - Benchmark Operator Greetings, and welcome to the Citi Trends Third Quarter 2023 Earnings Conference Call [Operator Instructions].

Citi Trends, Inc. (CTRN) Q3 2023 Earnings Call Transcript

Urban fashion apparel retailer Citi Trends Inc. CTRN reported Tuesday that it swung to a much wider-than-expected third-quarter loss on sales that fell more than forecast, as a more selective customer navigates higher costs of living. The net loss for the quarter to Oct. 28 was $3.9 million, or 47 cents a share, after net income of $24.6 million, or $3.02 a share, in the year-ago period.

Citi Trends swings to much wider-than-expected loss, citing a ‘more selective' customer base

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 October 28, 2023. Financial Highlights – Third Quarter 2023 Total sales of $179.5 million decreased 6.7% vs. Q3 2022; Comparable store sales decreased 6.2% compared to Q3 2022 Gross margin of 38.2% vs. 39.8%.

Citi Trends Announces Third Quarter 2023 Results

SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the third quarter 2023 before the market opens on Tuesday, November 28, 2023. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (312) 281-2972. A telephonic replay of the conference call will be available until December 5, 2023, by dialing (800) 633-8284 and entering the passcode, 22028257. The liv.

Citi Trends Sets Date for Third Quarter 2023 Earnings Release and Conference Call

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Citi Trends, Inc. (NASDAQ:CTRN ) Q2 2023 Earnings Conference Call August 22, 2023 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR IR David Makuen - CEO Heather Plutino - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Greg Sommer - Gordon Haskett John Lawrence - Benchmark Operator Greetings, and welcome to the Citi Trends 2Q '23 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded Tuesday, August 22, 2023.

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