---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-093052"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2024-08-27T23:59:59+00:00"
generated_at: "2026-05-31T07:21:15.662828+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citi Trends Q2 net loss $18.4M vs $5.0M loss; sales up 1.7% to $176.6M; gross margin 31.1%

## Summary
- Q2 total sales $176.6M (+1.7% YoY); comp store sales -1.7% on shifted basis.
- Gross margin fell to 31.1% from 38.2% due to $9.4M markdowns and $4.0M shrink charges.
- Net loss $18.4M ($16.2M adjusted) vs $5.0M loss ($4.9M adjusted) a year ago.
- Adjusted EBITDA loss $17.2M including $13.4M transition costs vs loss $3.1M in Q2 2023.
- H2 2024 outlook: comps flat to up low-single digits; EBITDA $0.5M-$2.5M; capex cut to ~$13M.

## SEC filing metadata
- accession: 0001104659-24-093052
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2024-08-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318484/000110465924093052/0001104659-24-093052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465924093052/tm2422653d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-093052
- JSON: https://secwatch.observer/filing/0001104659-24-093052.json
- Plain text: https://secwatch.observer/filing/0001104659-24-093052.txt

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