Citi Trends (CTRN) Reports Q3 EPS of $0.67

Citi Trends (NASDAQ: CTRN) reported Q3 EPS of $0.67, versus ($0.09) reported last year. Revenue for the quarter came in at $199 million, versus $183 million reported last year.

Guidance:

The Company continues to plan the remainder of the year conservatively given marketplace conditions as a result of the pandemic. As such, the Company is estimating its fiscal 2020 fourth quarter comparable store sales to be approximately flat, which is consistent with November’s trend. This estimate is subject to potential consumer and marketplace volatility due to the COVID-19 pandemic and changes to the consumer landscape and therefore may change as the quarter progresses.

Due to the uncertainty surrounding the impact of the COVID-19 pandemic on the business environment, consumer behavior and the Company’s business operations, the Company is not providing any further guidance at this time.

For earnings history and earnings-related data on Citi Trends (CTRN) click here.

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