Citi Trends (CTRN) Tops Q1 EPS by 67c, Beats on Revenue; Offers Guidance

Citi Trends (NASDAQ: CTRN) reported Q1 EPS of $0.91, $0.67 better than the analyst estimate of $0.24. Revenue for the quarter came in at $230.9 million versus the consensus estimate of $210.16 million.

The Company’s outlook for fiscal 2026 compared to fiscal 2025 is as follows:

Expecting comparable store sales growth in the range of 8% to 10%, implying balance-of-year comps in the high single-digits. Total sales growth is expected to be 9% to 11% for the year.
Gross margin is expected to expand approximately 50 to 70 basis points, lower than previous outlook due to expected continued headwinds from fuel surcharges
Adjusted SG&A* is expected to leverage approximately 130 to 160 basis points, higher than previous outlook of 70 to 100 basis points, due to the impact of higher sales on the fixed cost structure and ongoing disciplined expense control
Adjusted EBITDA* is expected to be in the range of $35 million to $40 million. Adjusted EBITDA margin* expansion is expected to be approximately 200 basis points
For the year, the Company’s real estate plans remain unchanged with plans to open approximately 25 new stores, remodel approximately 50 stores, and close 4 stores
Capital expenditures are expected to be in the range of $35 million to $40 million, consistent with previous outlook, with the majority of the spend on new stores and remodels

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

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