---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-064092"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:34:12.794399+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citi Trends Q1 adj. EPS $0.42 beats guidance; comps -29% YoY; guides FY22 rev $860-880M

## Summary
- Total sales $208M; comp store sales down 29.2% vs Q1 2021; positive stack 5.8% vs Q1 2019.
- GAAP diluted EPS $3.59 incl. $46M gain; adjusted diluted EPS $0.42 exceeds high end of guidance.
- Gross margin 39.0% vs 42.6% in Q1 2021; down 360 bps.
- Completed sale-leaseback of Darlington, SC DC for $46M.
- FY22 guidance: revenue $860-880M, adj. EPS $2.25-$2.75, comp sales down 14-16%.

## SEC filing metadata
- accession: 0001104659-22-064092
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465922064092/0001104659-22-064092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465922064092/tm2216602d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-064092
- JSON: https://secwatch.observer/filing/0001104659-22-064092.json
- Plain text: https://secwatch.observer/filing/0001104659-22-064092.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.