earnings
confidence high
sentiment positive
materiality 0.80
Citi Trends holiday comp up 14.8% vs 2019; FY2021 EPS guidance $6.70-$6.85; long-term EPS CAGR ≥20%
Citi Trends Inc
- Holiday nine-week total sales $204.8M, up 20.1% vs 2019; comp store sales +14.8% vs 2019.
- FY2021 total sales guided $990M-$995M (midpoint +26.7% vs 2020); diluted EPS $6.70-$6.85.
- FY2022 plans: open ~45 new stores, remodel ~45 stores; expects low-to-mid single-digit sales growth, at least low double-digit EPS growth.
- Long-term strategic plan targets: low-single digit comp CAGR, fleet growth 8-10% CAGR, EBITDA margin low double-digits by FY2024, EPS CAGR ≥20%.
- Q4 to-date repurchased ~95k shares for $8.1M; $30M remains under authorization.