secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2023-03-21T23:59:59+00:00
Accession:  0001104659-23-034662
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q4 sales down 13.1% YoY; weak FY2023 outlook
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- Q4 total sales $209.5M, -13.1% vs Q4 2021; comparable store sales -14.4%.
- Q4 diluted EPS $0.81; adjusted diluted EPS $0.83; operating income $7.4M.
- FY 2022 total sales $795.0M, -19.8% vs 2021; cash $103.5M, no debt.
- FY 2023: Q1 sales expected low double-digit to mid-teen decline; full year EBITDA $20-30M.
- Repurchased ~331k shares for $10.0M in FY2022; $50M remaining under buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923034662/0001104659-23-034662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923034662/tm2310040d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-034662

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