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Citi Trends ( (CTRN) ) has shared an announcement.
Citi Trends announced strong holiday sales results for the period ending January 4, 2025, with total sales reaching $174.4 million, which is at the high end of expectations. The company reported a 7.1% increase in comparable store sales, driven by enhanced product offerings and improved operational processes. As a result, Citi Trends expects its sales and EBITDA for the second half of fiscal 2024 to be at the high end of their previously provided outlook. The company reaffirmed its fiscal guidance and highlighted the success of its team-based execution strategy, indicating a strong belief in its potential to deliver improved financial results.
More about Citi Trends
Citi Trends, Inc. is a leading specialty value retailer offering apparel, accessories, and home trends at affordable prices, primarily targeting African American and multicultural families in the United States. The company operates 592 stores across 33 states.
YTD Price Performance: 1.62%
Average Trading Volume: 89,166
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $229.9M
See more data about CTRN stock on TipRanks’ Stock Analysis page.
