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Stock impact report

Citi Trends rallies after reporting strong sales for the holiday period [Seeking Alpha]

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: Seeking Alpha
Total sales for the nine-week holiday period that ended on January 3 were up 9.2% year-over-year to $191.2 million. Comparable store sales increased 9.3% during the holiday period and Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Elevated product assortment, brand emphasis, and the 'Joy Looks Good on You' marketing campaign contributed to higher sales and customer engagement. Citi Trends expects high-single digit comparable store sales growth, about 230 basis point gross margin expansion, and an EBITDA rise of $24-26 million year-over-year, reaffirming its earlier outlook. The company is remodeling 62 stores, opening 3, closing 4, and CEO's comments reflect confidence in ongoing transformation and improved long-term shareholder value. Recommended For You More Trending News Show less Read more
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