earnings
confidence high
sentiment positive
materiality 0.80
Citi Trends Q3 EPS $1.03, sales up 14.5% YoY; raises FY2021 guidance to $6.95-$7.10
Citi Trends Inc
2021-Q3 EPS reported
$5.71
revenue$750,621,000
- Total sales $228.0M, +24.5% vs Q3 2019; comparable store sales +13.1% vs Q3 2020.
- Gross margin 40.3% (up 290 bps vs Q3 2019); operating margin 5.1% (up 600 bps).
- Raises FY2021 EPS guidance to $6.95-$7.10 from $6.30-$6.50; revenue outlook $1.0-$1.015B.
- Board authorized new $30M share repurchase program; $8.1M remained under prior authorization.
- Opened 11 new stores in Q3; planning ~40 new stores and ~40 remodels in FY2022.