earnings
confidence high
sentiment negative
materiality 0.85
Citi Trends Q4 EPS $1.16 (vs $0.84 in 2019); FY22 EPS guidance $4.05-$4.60, down from $6.91
Citi Trends Inc
2021-FY EPS reported
$6.91
revenue$991,595,000
- Total sales Q4 $241M (+14.2% vs 2019); FY21 $991.6M (+26.8% vs 2019).
- FY22 guidance: Q1 sales down 25-30% vs Q1 2021; full-year EPS $4.05-$4.60 (vs $6.91 in FY21).
- Entered sale-leaseback for Darlington, SC distribution center (~$45M purchase price, net proceeds ~$37M); option for Roland, OK (~$35M).
- Board authorized new $30M share repurchase program; in FY21 repurchased ~1.37M shares for $115.3M.
- Plans to open ~35 new stores and remodel ~50 stores in FY22.