CITI Trends Outlook as CEO highlights high school sales momentum

Citi Trends, Inc. (Nasdak:CtrnThe second -quarter sales of 190.75 million dollars (+8 % on an annual basis) mentioned on Tuesday, overcoming the analyst Estimating a consensus of $ 188.397 million.

Similar store sales in the quarter -review increased by 9.2 % compared to the same quarter in the last period, driven by traffic, basketball, and transfer.

“The results of our second quarter confirm our last success in implementing our main initiatives, which led to an increase in the sales of similar stores by 9.2 %, our fourth quarter in a row and 12 consecutive months of consistent sales gains.” Said the fourth consecutive. Ken Sibelchief executive officer. “I am also pleased that the sales momentum from the year to a date that continued to return to August the mission to the school period.”

Also read: AT & T expands 5G Empire with Echostar Spectrum acquisition of $ 23 billion

The total semester margin increased by 890 basis on an annual basis to 40 %, the highest rate in the second quarter since the fiscal year 2021, driven by the reduction of reduction operations, improving contraction results, increasing full prices, and low cost of shipping.

The company informed a quarter -annual loss of rates before interest, taxes, depreciation and quarterly consumption of $ 2.6 million, an increase of $ 14.6 million compared to the loss of the period of migration and the reality of the amended Ebitda in the period of 17.2 million dollars.

View more profits on CTRN

Citi Trends restructured 19 stores and closed one store in a quarter, where he ended the period with 590 locations.

The total number of goods stock was $ 117.6 million per quarter, a 12.9 % decrease from the past period.

The store’s average store decreased by 5.7 % on an annual basis, reflecting the discipline of stronger purchase and faster supply chain.

Citi Trends came out of the quarter with cash and rewards worth $ 50.397 million, less than $ 59.302 million a year ago.

The company raised its financial expectations 2025, as it offered the growth of similar store sales in the individual numbers to the high, expanding the total margin from 210-230 basis points, and EBITDA between 7 million dollars and 11 million dollars, and improving 21 million dollars to 25 million dollars from 2024.

It plans to open three new stores, reshape about 60, close three sites, and increase the capital spending to 22 million dollars and 25 million dollars.

Price work: CTRN shares are trading by 2.50 % to $ 34.88 in the last selection on Tuesday.

Read the following:

Bruce Vlalon photography via Shutterstock

Unlocked: 5 new deals per week. Click now to get the best commercial ideas dailyIn addition to unlimited access to advanced tools and strategies to obtain a feature in the market.

Get the latest stock analysis from benzinga?

This article CITI Trends Outlook as CEO highlights high school sales momentum Originally Benzinga.com

© 2025 benzinga.com. Benzinga does not provide investment advice. All rights reserved.