earnings
confidence high
sentiment negative
materiality 0.75
Citi Trends Q3 sales $179.5M (-6.7%); net loss $0.47/sh; guides FY EBITDA $1-7M
Citi Trends Inc
2023-Q3 EPS reported
-$1.89
revenue$532,762,000
- Q3 comparable store sales down 6.2%; total sales $179.5M, down 6.7% YoY.
- Gross margin 38.2% vs 39.8% YoY; operating loss $6.0M vs income $31.6M.
- Adjusted net loss per share $0.56; year-to-date adjusted loss $1.83.
- FY 2023 sales expected down mid-single digits; EBITDA $1-7M; capex $17-20M.
- Total liquidity $135M, no debt; $50M remains on buyback program.