secwatch.observer — SEC 8-K summary
======================================

Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2022-01-10T23:59:59+00:00
Accession:  0001104659-22-002482
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends holiday comp up 14.8% vs 2019; FY2021 EPS guidance $6.70-$6.85; long-term EPS CAGR ≥20%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922002482/0001104659-22-002482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922002482/tm222328d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-002482

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer