secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2022-05-24T23:59:59+00:00
Accession:  0001104659-22-064092
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922064092/0001104659-22-064092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922064092/tm2216602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-064092

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