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Stock impact report

Citi Trends Announces First Quarter 2020 Results and Provides Other Updates

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
Strong liquidity with cash and investments of $108.1 million at the end of the first quarterFirst quarter sales $116 million and loss per share ($2.00), or ($1.94) on an adjusted basis*Safely reopened 498 stores from April 24, 2020 to date that have registered strong comparable store sales growth, substantially exceeding expectations SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), the leading value retailer of apparel, accessories and home goods primarily for African American families in the United States, today reported results for the first quarter ended May 2, 2020.COVID-19 Business Actions HighlightsDue to “stay-at-home” and “shelter-in-place” orders to serve the health and safety needs of all associates and customers, on March 20, 2020 temporarily closed all 574 stores across 33 statesTemporarily closed both corporate offices and both distribution centersFurloughed substantially all store and distribution center personnel, as well as about 40% of corporate st Show less Read more
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