Citi Trends (CTRN) Misses Q3 EPS by 7c, Beats on Revenue; Offers Guidance

Citi Trends (NASDAQ: CTRN) reported Q3 EPS of ($0.86), $0.07 worse than the analyst estimate of ($0.79). Revenue for the quarter came in at $197.1 million versus the consensus estimate of $187.33 million.

The Company is updating its fiscal 2025 outlook as follows:

Expecting full year comparable store sales to be up high-single digits, on the high end of previous outlook
Full year gross margin is expected to expand approximately 230 basis points vs. 2024, on the high end of previous outlook
SG&A is expected to leverage approximately 90 basis points vs. 2024, on the high end of previous outlook
Full year EBITDA* is now expected to be in the range of $10 million to $12 million, above previous outlook, a $24 million to $26 million improvement vs. 2024
Expecting 2025 effective tax rate of approximately 0%, consistent with previous outlook
For the year, the Company will open 3 new stores and remodel 62 stores, consistent with previous outlook. The Company will close 4 locations, above the previous outlook of 3 closures
Full year capital expenditures are now expected to be approximately $23 million, on the lower end of previous outlook

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

You May Also Be Interested In

• Movano (MOVE) Misses Q2 EPS by 195c
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c
• Full Circle Lithium closes $5.14M private placement