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Citi Trends (CTRN)
NASDAQ:CTRN
Earnings Data
Report Date
May 27, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.2Last Year’s EPS
-0.32Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 18, 2025
|% Change Since: 3.71%
|Next Earnings Date:May 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant improvements in sales, margins, and inventory efficiency. The company is in a strong financial position and anticipates positive free cash flow, supported by strategic initiatives and a share repurchase program. However, challenges remain in specific product categories and operational execution, indicating areas for continued focus.Company Guidance
During the fourth quarter of fiscal year 2024, Citi Trends reported a comparable store sales growth of 6.4%, driven by strong customer traffic and an increase in basket size. The company achieved total sales of approximately $211 million and a gross margin rate of 39.7%, marking a 60-basis-point expansion compared to the previous year. Inventory levels improved, ending the period with inventories down 6% year-over-year. Citi Trends also noted a high-single-digit growth in its footwear business and has identified key product intensification areas for 2025, including big men's, women's plus size, family footwear, consumables, and extreme value off-price deals. The company closed the fiscal year with $61 million in cash and no debt, and it anticipates low- to mid-single-digit comp sales growth for 2025, with plans to remodel at least 50 stores and open up to five new locations.Comparable Store Sales Growth
Fourth quarter comparable store sales grew by 6.4%, showing sequential improvement from the third quarter and strong acceleration on a two-year basis.
Gross Margin Expansion
The company delivered a gross margin rate of 39.7%, a 60-basis-point expansion compared to Q4 2023.
Inventory Efficiency
Inventories were down 6% compared to the prior year, with a focus on liquidating aged inventory quickly and maintaining fresher inventory.
Strong Financial Position
Citi Trends maintains a healthy balance sheet with $61 million in cash, no debt, and no drawings on a $75 million revolver.
Positive Free Cash Flow Anticipation
The company anticipates generating positive free cash flow for the first time in recent history in fiscal 2025.
Share Repurchase Program
Since mid-December, Citi Trends invested $10 million in share repurchases, resuming a $50 million share repurchase program.
Expansion Strategy
Planning to remodel at least 50 stores in 2025 and conducting market studies for new store expansion.
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CTRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTRN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 18, 2025 | $21.54 | $22.16 | +2.88% |
| Dec 03, 2024 | $20.76 | $23.80 | +14.64% |
| Aug 27, 2024 | $16.43 | $15.24 | -7.24% |
| Jun 04, 2024 | $24.65 | $24.52 | -0.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Citi Trends (CTRN) report earnings?
Citi Trends (CTRN) is schdueled to report earning on May 27, 2025, TBA Not Confirmed.
What is Citi Trends (CTRN) earnings time?
Citi Trends (CTRN) earnings time is at May 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTRN EPS forecast?
CTRN EPS forecast for the fiscal quarter 2025 (Q1) is -0.2.
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