Citi Trends (CTRN) Tops Q4 EPS by 7c, Offers FY Guidance

Citi Trends (NASDAQ: CTRN) reported Q4 EPS of $1.81, $0.07 better than the analyst estimate of $1.74. Revenue for the quarter came in at $251.9 million versus the consensus estimate of $251.89 million.

GUIDANCE:

Citi Trends sees FY2021 EPS of $2.85-$3.05, versus the consensus of $2.58.

• The Company is encouraged by its first quarter to-date sales performance, which is above its internal expectations. For the full year 2021, the Company expects to spend approximately $39 million in capital expenditures, open at least 30 new stores, remodel 30 stores and generate total sales of $870 million to $900 million, an increase of 11.0% to 15.0% as compared to 2020. This will result in an expected earnings per share in a range of $2.85 to $3.05, as the Company works towards achieving its previously stated three-year strategic plan and growth targets.

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

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