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Citi Trends (CTRN)
NASDAQ:CTRN
Holding CTRN?
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.18Last Year’s EPS
$0.53Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 03, 2024
|% Change Since: 19.61%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a challenging quarter with a notable decline in sales due to macroeconomic pressures and weather impacts. Despite this, the company maintained a strong gross margin and managed expenses effectively. Promising early results from new marketing strategies and a strong balance sheet provide a hopeful outlook.Company Guidance
During the Citi Trends Third Quarter 2023 earnings call, the executives provided guidance indicating a challenging environment for their primarily low-income customer base, with sales not meeting expectations due to macroeconomic pressures and unseasonably warm weather. The company reported a 6.2% decline in comparable sales for the third quarter and total sales of $179.5 million, a 6.7% decrease compared to the same period last year. Despite these headwinds, Citi Trends maintained a strong gross margin of 38.2% and kept operating expenses flat year-over-year. For fiscal 2023, the company expects total sales to decline mid-single digits compared to 2022, with an EBITDA range of $1 million to $7 million and a year-end cash balance between $80 million and $90 million. Looking ahead, the fourth quarter is expected to show improvement, with sales forecasted to be flat to up low single digits compared to Q4 2022, driven by strategic initiatives, marketing efforts, and improved inventory positioning.Strong Gross Margin
Citi Trends achieved a gross margin of 38.2% in the third quarter, maintaining stability compared to the previous quarter.
Effective Expense Management
Operating expenses were kept flat compared to the prior year, demonstrating effective cost control.
Promising Early Marketing Test Results
New marketing strategies showed promising results in test markets, leading to a planned expansion covering 20% of the fleet for the holiday season.
Positive Inventory Management
Inventory management initiatives were successful, with improved inventory levels and assortments in key categories like Home, Men's, Big Men's, and Beauty.
Strong Balance Sheet
The company ended the quarter with total liquidity of $135 million and no debt, providing financial flexibility.
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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 |
|---|---|---|---|
| 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% |
| Mar 19, 2024 | $30.69 | $28.75 | -6.32% |
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 Mar 14, 2025, TBA Not Confirmed.
What is Citi Trends (CTRN) earnings time?
Citi Trends (CTRN) earnings time is at Mar 14, 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 2024 (Q4) is $0.18.
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