{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-122632","form_type":"8-K","ticker":"CTRN","cik":"0001318484","company_name":"Citi Trends Inc","filed_at":"2022-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.112725+00:00","generated_at":"2026-06-21T12:09:24.877192+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Citi Trends Q3 2022: sales dip 15.6%, comps -18.3%; adjusted EPS $0.24","bullets":["Total sales $192.3M, -15.6% YoY; comparable sales -18.3% vs +19.7% in Q3 2021.","Net income $24.6M ($3.02 GAAP EPS); adjusted diluted EPS $0.24.","Gross margin 39.8% vs 40.3% in Q3 2021; SG&A deleveraged 310 bps.","Completed $36M sale-leaseback of Roland, OK DC; cash $77.8M, no debt.","Reiterated H2 2022 guidance: low single-digit total sales growth, gross margin high 30s-low 40s."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-122632","json":"https://secwatch.observer/filing/0001104659-22-122632.json","markdown":"https://secwatch.observer/filing/0001104659-22-122632.md","text":"https://secwatch.observer/filing/0001104659-22-122632.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/0001104659-22-122632-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/tm2231377d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:09:24.877192+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"00b970ee9706cebe56aeee44530006a4368676d7","claim":"Citi Trends Inc reported the 39 weeks ended October 29, 2022 results: revenue $585.6 million, net income $52.3 million, EPS $6.34. Guidance reaffirmed.","evidence_excerpt":"Total sales of $585.6 million decreased 22.0% vs. 2021 and increased 2.6% vs. 2019; comparable sales decreased 24.5% compared to 2021 on top of a 26.9% increase in 2021 vs. 2019; 3 year stack of 2.4% ● Gross margin of 39.0% vs. 41.3% in 2021 and 37.4% in 2019 ● Operating income of $67.9 million, or $3.8 million as adjusted* for the gain on the sale of two distribution centers, vs. $66.9 million in 2021 and $7.3 million in 2019, or $8.3 million as adjusted* ● Net income of $52.3 million, or $2.9 million as adjusted*, vs. $52.4 million in 2021 and $7.1 million in 2019, or $8.0 million as adjusted* ● Adjusted EBITDA* of $19.6 million vs. $82.2 million in 2021 and $22.6 million in 2019 ● Diluted EPS of $6.34, or $0.35 as adjusted*, vs. diluted EPS of $5.71 in 2021 and $0.60 in 2019, or $0.67 as adjusted*","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/0001104659-22-122632-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 39 weeks ended October 29, 2022"},{"label":"Revenue","value":"$585.6 million"},{"label":"Net income","value":"$52.3 million"},{"label":"EPS","value":"$6.34"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"429ea20932bee8d1d052c92d81b67d722515fe22","claim":"Citi Trends Inc reported the third quarter ended October 29, 2022 results: revenue $192.3 million, net income $24.6 million, EPS $3.02. Guidance reaffirmed.","evidence_excerpt":"Total third quarter sales of $192.3 million with gross margin of 39.8% Comparable sales decreased 18.3% vs. 19.7% increase in Q3 2021 vs. Q3 2019; 3 year stack of 1.4% Net income of $24.6 million; adjusted operating income* of $2.4 million Diluted EPS of $3.02; adjusted diluted EPS* of $0.24 vs. diluted loss per share of ($0.09) in 2019","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/0001104659-22-122632-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended October 29, 2022"},{"label":"Revenue","value":"$192.3 million"},{"label":"Net income","value":"$24.6 million"},{"label":"EPS","value":"$3.02"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}