Citi Trends (CTRN) Tops Q1 EPS by 33c, Offers FY Guidance

Citi Trends (NASDAQ: CTRN) reported Q1 EPS of $3.23, $0.33 better than the analyst estimate of $2.90. Revenue for the quarter came in at $285.4 million versus the consensus estimate of $277 million.

GUIDANCE:

Citi Trends sees FY2021 EPS of $4.55-$4.75, versus the consensus of $4.85. Citi Trends sees FY2021 revenue of $970-990 million, versus the consensus of $962.6 million.

• The Company is encouraged by its second quarter to-date sales performance, which is above its internal expectations. On the heels of a record first quarter, for the full year 2021, the Company is raising its guidance and expects to generate total sales of $970 to $990 million, an increase of approximately 24% to 27% as compared to fiscal years 2020 and 2019. This would result in expected earnings per diluted share in a range of $4.55 to $4.75, an increase of 96% to 105% compared to 2020 and an increase of 223% to 237% compared to 2019.

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

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