Citi Trends Q1 sales up 14.4% to $230.9M; adjusted EBITDA doubles to $13.9M

Citi Trends Inc

Comparable store sales grew 13.9% YoY; two-year stack increased 23.8%.
Net income of $7.8M vs. $0.9M in Q1 2025; adjusted net income $9.2M.
Gross margin expanded 40 bps to 40.0%; adjusted SG&A leveraged 250 bps to 33.9% of sales.
Reaffirmed FY 2026 adjusted EBITDA outlook of $35M-$40M, more than double FY 2025.
Cash of $81.1M, no debt; opened 2 stores, closed 1, remodeled 25 in the quarter.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Citi Trends Inc reported the first quarter ended May 2, 2026 results: revenue $230.9 million, net income $7.8 million. Guidance reaffirmed.

Period: the first quarter ended May 2, 2026
Revenue: $230.9 million
Net income: $7.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 tm2616574d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CITITRENDS ANNOUNCES FIRST QUARTER FISCAL 2026 RESULTS Q1 2026 total sales increased 14.4% to $230.9 million Comparable store sales growth of 13.9%; Two-year stack of 23.8% Q1 2026 Net Income of $7.8 million; Q1 2026 adjusted EBITDA* of $13.9 million, more than double Q1 2025 results

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Source: SEC EDGAR

accession 0001104659-26-069202

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