Welcome to our dedicated page for Citi Trends news (Ticker: CTRN), a resource for investors and traders seeking the latest updates and insights on Citi Trends stock.
Citi Trends, Inc. (NASDAQ: CTRN) serves as a leading destination for urban fashion enthusiasts seeking value-priced apparel and home goods. This news hub provides investors and industry observers with comprehensive updates on corporate developments, financial performance, and strategic initiatives shaping this discount retail specialist.
Access official press releases alongside curated analysis of CTRN's market position, including merchandise strategy evolution, store network updates, and leadership changes. Our coverage spans earnings announcements, partnership developments, and operational milestones that impact the company's trajectory in competitive value retail markets.
Key updates include quarterly financial disclosures, inventory management innovations, vendor network expansions, and consumer trend adaptations. The curated selection enables stakeholders to track how CTRN balances fashion relevance with cost-conscious operations across its 600+ locations.
Bookmark this page for structured access to CTRN's evolving story, with verified updates on initiatives maintaining its position as a urban-focused value retailer. Monitor how strategic sourcing decisions and distribution optimizations translate to market performance through our organized news chronology.
Citi Trends, Inc. (NASDAQ: CTRN) reported Q4 2022 sales of $209.5 million, down 13.1% from Q4 2021. Gross margin was 39.5%, slightly lower than previous years. Diluted EPS fell to $0.81, compared to $1.16 in Q4 2021. For the full year, total sales reached $795.0 million, a 19.8% decline from 2021, with a diluted EPS of $7.17. The company ended 2022 with $103.5 million in cash and no debt. Looking ahead, Citi Trends expects Q1 2023 sales to decline by low double digits and plans to open 5 to 10 new stores while closing underperforming locations.
Citi Trends, Inc. (NASDAQ: CTRN) is set to release its fourth quarter and full year 2022 earnings on March 21, 2023, before market opening. A conference call will take place at 9:00 a.m. ET, where the company will discuss business and financial developments. Investors can access the call live by dialing (212) 231-2928, and a replay will be available until March 28, 2023, at (800) 633-8284 with passcode 22026341. The live broadcast and online replay will also be accessible through their website. Citi Trends operates 609 stores, focusing on affordable apparel and home trends for African American and Latinx families.
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