Citi Trends (CTRN) Reports Q2 EPS of $1.90
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Citi Trends Announces Record Second Quarter 2020 Results
August 20, 2020 6:45 AM EDTSecond quarter total sales increased 18.2% to $216 million and comparable sales in reopened stores increased 32.2% exceeding expectations
Gross margin increased 390 bps to 41.2% driven by full-priced sales
Operating margin expanded to 12.2% compared to 0.1% in the prior year period
Earnings per share of $1.90 compared to $0.03 in the second quarter of 2019
Strong liquidity with cash and investments at $147 million at the end of the quarter
SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi... More
