Citi Trends (CTRN) Tops Q2 EPS by 138c ; Provides Outlook

Citi Trends (NASDAQ: CTRN) reported Q2 EPS of $0.46, $1.38 better than the analyst estimate of ($0.92). Revenue for the quarter came in at $190.8 million versus the consensus estimate of $183.64 million.

Fiscal 2025 Outlook

The Company is updating its fiscal 2025 outlook as follows:

Expecting full year comparable store sales growth of mid to high-single digits, above previous outlook of mid-single digit growth
Full year gross margin expected to expand approximately 210 to 230 basis points vs. 2024, slightly above previous outlook reflecting inventory efficiency improvements and initial progress against planned supply chain improvements
SG&A is expected to leverage in the range of 60 basis points to 90 basis points vs. 2024, slightly better than previous outlook and inclusive of increased incentive compensation accruals related to business performance
Full year EBITDA* is now expected to be in the range of $7 million to $11 million, above previous outlook, a $21 million to $25 million improvement vs. 2024
Expecting 2025 effective tax rate of approximately 0%, consistent with previous outlook
The Company now expects to open 3 new stores, remodel approximately 60 stores and close 3 locations
Full year capital expenditures are now expected to be in the range of $22 million to $25 million, slightly higher than previous outlook

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

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