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0 0 -0.028692425743536 5.827845445539E-05 -0.00576956699108348 0.0218155681178001 0.0513433183751967 0.109237135031179
Stock impact report

Citi Trends stock trends higher on surprise quarterly profit [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
Citi Trends stock trends higher on surprise quarterly profitNov. 29, 2022 7:25 AM ETCiti Trends, Inc. (CTRN)By:Kevin P. CurranSA News EditorBennett Raglin/Getty Images EntertainmentCiti Trends (NASDAQ:For the third quarter, the retailer posted $0.24 in earnings per share, rising $0.26 abovethe analyst expectation of a $0.02 loss in the quarter. Revenue declined 15.6% from the prior year to $192.32M, beating the consensus estimate by $5.7M. While comparable sales and margins decreased year over year, both metrics were noted as above pre-pandemic levels as inventory was cut to below 2019 levels as well.â??Despite a challenging inflationary climate, we delivered on our third quarter internal expectations, demonstrating the resiliency of our agile operating model and the continued loyalty of our customers,â? CEO David Makuen said. â??We remain committed to controlling expenses while maintaining a strong cash position as we maximize the impact our Buy, Move, Sell and Support teams can hav Show less Read more
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