secwatch.observer — SEC 8-K summary
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Issuer:     Citi Trends Inc (CTRN)
CIK:        0001318484
Form:       8-K
Filed at:   2024-03-19T23:59:59+00:00
Accession:  0001104659-24-035866
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citi Trends Q4 sales $215.2M, EPS $0.42; FY2023 net loss $12.0M; guides FY2024 mid-single digit comp growth
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- Q4 total sales $215.2M (+2.7% YoY, extra week $11.2M); comp sales -1.5%; diluted EPS $0.42 ($0.53 adjusted).
- Full year sales $747.9M (-5.9% YoY); net loss $12.0M; adjusted net loss $10.5M; inventory +23% YoY.
- FY2024 outlook: mid-single digit comp growth, gross margin +75-100 bps, EBITDA $4-10M, capex ~$20M.
- Ended FY with $79.7M cash, no debt, $75M credit facility undrawn; $50M share repurchase authorization remains.
- Plans to open 5 stores, remodel 40, close 10-15; ending FY2024 at ~595 stores.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318484/000110465924035866/0001104659-24-035866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318484/000110465924035866/tm244439d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-035866

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