Citi Trends Q1 sales up 3.7% to $186.3M; comps +3.1%; net loss per share ($0.42); guides FY EBITDA $4M-$10M

Citi Trends Inc

2024-Q1 EPS reported -$0.42 revenue$186,289,000

Total sales $186.3M (+3.7% YoY); comp store sales +3.1%; gross margin 38.7% vs 36.7% last year.
Net loss per share ($0.42) vs ($0.81) last year; adjusted EPS ($0.32) vs ($0.66) last year.
FY2024 outlook: comp sales growth low to mid-single digits (slightly below prior); EBITDA $4M-$10M unchanged; SG&A growth 1.5-2.5% better.
CEO David Makuen stepped down May 31; Ken Seipel named Interim CEO.
Cash $58.2M, no debt; $50M share repurchase authority remains; no buybacks in Q1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.