Citi Trends (CTRN) Tops Q1 EPS by 44c, Beats on Revenue; Offers Guidance

Citi Trends (NASDAQ: CTRN) reported Q1 EPS of $0.17, $0.44 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $201.7 million versus the consensus estimate of $194.81 million.

The Company is updating its fiscal 2025 outlook as follows:

Expecting full year comparable store sales growth of mid-single digits, at the high end of previous outlook of low to mid-single digit growth
Full year gross margin rate expected to increase approximately 200 basis points vs. fiscal 2024, slightly below previous outlook due to an elongated timeline for the repair phase of the supply chain transformation
SG&A is now expected to leverage in the range of 60 basis points to 80 basis points vs. fiscal 2024, above previous outlook on higher expected sales, inclusive of increased incentive compensation accruals related to business performance
Full year EBITDA* is now expected to be in the range of $6 million to $10 million, above previous outlook, a $20 million to $24 million improvement vs. 2024
Expecting fiscal 2025 effective tax rate of approximately 0%, consistent with previous outlook
The Company continues to plan to open up to 5 new stores, remodel approximately 50 stores and close up to 5 locations
Expected full year capital expenditures remain in the range of $18 million to $22 million

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

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