secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001104659-23-063392
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q1 net loss $0.81/sh; sales down 13.7%; guides FY EBITDA $5-20M
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- Total sales $179.7M (-13.7% YoY); comp store sales -14.1%.
- Gross margin 36.7% (adj. 37.0%) vs 39.0% in Q1 2022.
- Operating loss $9.5M vs income $39.7M in Q1 2022.
- Net loss per share ($0.81); adjusted net loss ($0.66).
- FY 2023 guidance: total sales -mid to low single digits; EBITDA $5-20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923063392/0001104659-23-063392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923063392/tm2316456d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063392

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