Citi Trends (CTRN) Posts Surprise Q2 Profit; Approves $12M Common Stock Buyback Plan

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Go back to Citi Trends (CTRN) Posts Surprise Q2 Profit; Approves $12M Common Stock Buyback Plan

Citi Trends Announces Second Quarter 2015 Results and Initiates Cash Dividend and Share Repurchase Program

August 19, 2015 6:45 AM EDT

Second quarter 2015 income per share of $0.01 compared with $(0.17) loss last year

First half 2015 income per share of $0.75 compared with $0.43 last year

Dividend - $0.24 annual rate; $15 million share repurchase program

SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the second quarter of fiscal 2015.

Financial Highlights Second quarter ended August 1, 2015

Total sales in the second quarter ended August 1, 2015 increased 6.1% to $153.9 million compared with $145.0 million in the second quarter ended... More