Citi Trends Inc

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Other Pre-Announcement

Citi Trends Sees FY Sales $990 Million To $995 Million

Published: 01/10/2022 12:29 GMT
Citi Trends Inc (CTRN) - Sees FY Earnings per Share $6.70 to $6.85.
Sees FY Sales $990 Million to $995 Million.comparable Store Sales Increased 14.8% for Nine-week Holiday Period Versus.
Same Period in 2019.
Total Sales for Nine-week Period Ended January 1, 2022 Increased 20.1% Versus Same Period in 2019, to $204.8 Million.
Following a Strong Holiday Selling Period, We Have Experienced a Decline in Traffic Attributed to Macro Trends.
For Fiscal 2022, We Plan to Open Approximately 45 New Stores, Coupled With Remodeling Approximately 45 Stores.
Planning to Deliver Low-to-mid Single Digit Total Sales Growth Coupled With at Least Low Double-digit EPS Growth in Fiscal 2022.
Sees 2021- 2024 Comparable Store Sales Growth of Low-single Digits per Year.
Sees 2021- 2024 Diluted Earnings per Share Cagr of at Least 20%.
FY Earnings per Share View $7.08, Revenue View $1.01 Billion -- Refinitiv Ibes Data (analyst estimates).