Citi Trends holiday sales $174.4M; comps +7.1%; high end of outlook

Citi Trends Inc

Holiday quarter-to-date sales $174.4M vs $169.0M prior year; comparable store sales +7.1%.
Second half EBITDA now expected at high end of $1.5M-$4M range; gross margin ~39%.
Reaffirms Q4 comps up low to mid-single digits; Q4 EBITDA high end of $5M-$7M.
Expects year-end cash $60M-$65M; store count ~590; capex $14M-$18M.
CEO cites revised product assortment and improved operations driving results.

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