secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2022-11-29T23:59:59+00:00
Accession:  0001104659-22-122632
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q3 2022: sales dip 15.6%, comps -18.3%; adjusted EPS $0.24
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/0001104659-22-122632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465922122632/tm2231377d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-122632

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