---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-124878"
form_type: "8-K"
ticker: "CTRN"
cik: "0001318484"
company_name: "Citi Trends Inc"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:38:37.032534+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Citi Trends Q3 comps up 5.7%, gross margin 39.8%, raises H2 EBITDA outlook

## Summary
- Comparable store sales increased 5.7% in Q3; total sales $179.1M (-0.3%). Traffic, basket, and conversion improved.
- Gross margin expanded 160 bps to 39.8% from 38.2% due to markup expansion and shrink improvement.
- Net loss $(7.2)M; adjusted net loss $(6.5)M. Adjusted EBITDA loss $(3.3)M vs $(2.3)M in Q3 2023.
- Second half fiscal 2024 outlook raised: comps up low-to-mid single digits (from flat to up low single), EBITDA $1.5M-$4M (from $0.5M-$2.5M). Strong holiday start.
- Balance sheet: $38.9M cash, no debt, $75M credit facility undrawn. $50M remains under share repurchase program, expected to resume in Q4.

## SEC filing metadata
- accession: 0001104659-24-124878
- form_type: 8-K
- ticker: CTRN
- cik: 0001318484
- company_name: Citi Trends Inc
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1318484/000110465924124878/0001104659-24-124878-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318484/000110465924124878/tm2429893d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-124878
- JSON: https://secwatch.observer/filing/0001104659-24-124878.json
- Plain text: https://secwatch.observer/filing/0001104659-24-124878.txt

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