Citi Trends (CTRN) Declares $0.08 Quarterly Dividend; 1.9% Yield
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Citi Trends Announces First Quarter 2019 Results and Declares Quarterly Dividend
May 23, 2019 6:45 AM EDTSAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported unaudited results for the first quarter of fiscal 2019.
Financial Highlights First quarter ended May 4, 2019
Total sales in the first quarter ended May 4, 2019 decreased 2.8% to $205.0 million compared with $211.0 million in the first quarter ended May 5, 2018. Comparable store sales decreased 4.5% in the quarter.
On a GAAP basis, the Company had net income of $7.8 million, or $8.7 million when adjusted for proxy contest-related expenses*, in the first quarter of 2019, compared with $11.3 million in last... More
