---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-093844"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2022-08-24T23:59:59+00:00"
generated_at: "2026-06-23T21:38:59.840149+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Citi Trends Q2 sales $185M, comps -24.9%, operating loss $3.3M; guides H2 sales down 8-10% from prior midpoint

## Summary
- Q2 total sales $185.0M (-22% YoY); comparable sales -24.9%; operating loss $3.3M vs $16.4M income YoY; diluted EPS -$0.31.
- Cash $27.9M, no debt; inventory up 25.5% YoY; $75M credit facility undrawn.
- Company to close Roland, OK sale-leaseback in September for $36M, net proceeds ~$32M.
- Revised FY2022 guidance: full year sales down 8-10% from prior $870M midpoint; H2 operating income expected in line with H2 2019.
- Expense reduction actions: ~$10M in H2 savings, 10% staff reduction; capex cut by ~$10M.

## SEC filing metadata
- accession: 0001104659-22-093844
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2022-08-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465922093844/0001104659-22-093844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465922093844/tm2224400d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-093844
- JSON: https://secwatch.observer/filing/0001104659-22-093844.json
- Plain text: https://secwatch.observer/filing/0001104659-22-093844.txt

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