earnings
confidence high
sentiment neutral
materiality 0.60
Citi Trends reports holiday sales $171.9M (-16.1% YoY); guides Q4 EPS $0.78-$0.86, cash ~$95-105M
Citi Trends Inc
- Holiday sales for nine weeks ended Dec 31, 2022: $171.9M, down 16.1% vs 2021 but up 0.8% vs 2019.
- Comparable store sales decreased 17.5% in the holiday period year-over-year.
- Q4 2022 EPS guided to $0.78-$0.86; second-half FY2022 EPS $3.80-$3.88 ($1.02-$1.10 adjusted).
- Year-end cash balance expected $95M-$105M; reaffirms all other second-half guidance components.
- Second-half FY2022 adjusted EPS midpoint up ~38% vs second-half FY2019 adjusted EPS of $0.77.