Citi Trends (CTRN) Misses Q1 EPS by 8c
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Citi Trends Announces First Quarter 2017 Results and Declares Quarterly Dividend
May 17, 2017 6:45 AM EDTSAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the first quarter of fiscal 2017.
Financial Highlights First quarter ended April 29, 2017
Total sales in the first quarter ended April 29, 2017 increased 3.2% to $200.0 million compared with $193.7 million in the first quarter ended April 30, 2016. Comparable store sales increased 1.0% in the quarter.
On a GAAP basis, the Company had net income of $8.9 million, or $10.0 million when adjusted for proxy contest-related expenses*, in the first quarter of 2017, compared with $8.7 million, in last years... More
