Citi Trends (CTRN) Tops Q2 EPS by 93c

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Citi Trends Announces Strong Second Quarter 2021 Results

August 24, 2021 6:45 AM EDT

Total sales were $237.3 million, an increase of 29.8% compared to Q2 2019

Comparable store sales increased 25.6% over Q2 2019

Gross margin increased 350 bps to 40.8% vs Q2 2019

Operating margin of 6.9% compared to 0.1% in Q2 2019

Earnings per diluted share of $1.36 compared to $0.03 in Q2 2019

Authorized a new $30 million share repurchase program

Expects to deliver full year 2021 total sales of approximately $1 billion

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