Citi Trends reports strong Q2 2021 results with sales up 29.8% vs Q2 2019 and EPS of $1.36

Citi Trends Inc

2021-Q2 EPS reported $4.63 revenue$522,662,000

Total sales increased 29.8% to $237.3 million compared to Q2 2019
Comparable store sales grew 25.6% over Q2 2019; gross margin expanded 350 bps to 40.8%
Diluted EPS of $1.36 versus $0.03 in Q2 2019; operating margin improved to 6.9%
Board authorized a new $30 million share repurchase program; Q2 buyback totaled $18.9 million
Raised full-year 2021 guidance: expects total sales ~$1 billion and EPS of $6.30-$6.50

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