Citi Trends (CTRN) Tops Q1 EPS by 8c, Updates FY Guidance

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Go back to Citi Trends (CTRN) Tops Q1 EPS by 8c, Updates FY Guidance

Citi Trends Announces First Quarter 2022 Results

May 24, 2022 6:45 AM EDT

Total sales of $208 million

Comparable store sales decreased 29% vs. a 35% increase in Q1 2021 vs. Q1 2019

Gross margin of 39.0%

Diluted EPS of $3.59; adjusted diluted EPS* of $0.42 exceeding high end of guidance

Company completes sale-leaseback transaction for $46 million

SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African... More