secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2022-03-15T23:59:59+00:00
Accession:  0001104659-22-033631
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q4 EPS $1.16 (vs $0.84 in 2019); FY22 EPS guidance $4.05-$4.60, down from $6.91
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922033631/0001104659-22-033631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922033631/tm229196d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-033631

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