secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2023-11-28T23:59:59+00:00
Accession:  0001104659-23-121426
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q3 sales $179.5M (-6.7%); net loss $0.47/sh; guides FY EBITDA $1-7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923121426/0001104659-23-121426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465923121426/tm2331523d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-121426

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