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Stock impact report

Citi Trends Announces First Quarter 2019 Results and Declares Quarterly Dividend

Citi Trends, Inc. (CTRN) 
Last citi trends, inc. earnings: 5/23 06:45 am Check Earnings Report
US:NASDAQ Investor Relations: ir.cititrends.com
Company Research Source: Business Wire
SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported unaudited results for the first quarter of fiscal 2019. Financial Highlights – First quarter ended May 4, 2019 Total sales in the first quarter ended May 4, 2019 decreased 2.8% to $205.0 million compared with $211.0 million in the first quarter ended May 5, 2018. Comparable store sales decreased 4.5% in the quarter. On a GAAP basis, the Company had net income of $7.8 million, or $8.7 million when adjusted for proxy contest-related expenses*, in the first quarter of 2019, compared with $11.3 million in last year’s first quarter. On a GAAP basis, earnings per diluted share in this year’s first quarter were $0.65, or $0.72 when adjusted for proxy contest-related expenses*, compared with $0.83 per diluted share in the first quarter of 2018. Bruce Smith, President and Chief Executive Officer, commente Show less Read more
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