---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-068049"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:28:32.139164+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-068049
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465924068049/0001104659-24-068049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465924068049/tm2416284d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-068049
- JSON: https://secwatch.observer/filing/0001104659-24-068049.json
- Plain text: https://secwatch.observer/filing/0001104659-24-068049.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.