Citi Trends (CTRN) Tops Q3 EPS by 28c; Reiterates Guidance

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Go back to Citi Trends (CTRN) Tops Q3 EPS by 28c; Reiterates Guidance

Citi Trends Announces Third Quarter 2022 Results

November 29, 2022 6:45 AM EST

Total third quarter sales of $192.3 million with gross margin of 39.8%

Comparable sales decreased 18.3% vs. 19.7% increase in Q3 2021 vs. Q3 2019; 3 year stack of 1.4%

Net income of $24.6 million; adjusted operating income* of $2.4 million

Diluted EPS of $3.02; adjusted diluted EPS* of $0.24 vs. diluted loss per share of ($0.09) in 2019

Completes second sale-leaseback transaction for $36 million; Q3 cash balance of $77.8 million

Reiterates Second Half 2022 guidance

SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty... More