Highest-materiality recent filing
Citi Trends Q2 sales up 10.9%, raises FY26 EBITDA guidance to $38-42M
Q2 total sales $211.6M (+10.9% YoY); comp store sales +10.5% (19.7% two-year).
Citi Trends pre-announces Q2 sales up 10.9% to $211.6M; comps +10.5%
Q2 preliminary total sales $211.6M, +10.9% YoY; comparable store sales +10.5%, two-year +19.7%.
Citi Trends annual meeting elects eight directors; Pamela Edwards receives 36% against votes
Eight director nominees elected; Pamela Edwards received 4,268,634 For, 2,443,138 Against (36.4% against).
Citi Trends Q1 sales up 14.4% to $230.9M; adjusted EBITDA doubles to $13.9M
Comparable store sales grew 13.9% YoY; two-year stack increased 23.8%.
Citi Trends pre-announces Q1 sales up 14.4% to $230.9M; raises FY2026 outlook
Preliminary Q1 2026 total sales $230.9M (+14.4% YoY); comparable store sales +13.9%.
Citi Trends Q4 comps +8.9%, FY net income $5.2M; FY26 EBITDA guide $34-38M
Q4 total sales $230.4M (+9.1% YoY), comp store sales +8.9%, net income $7.4M vs loss $14.2M.
Citi Trends board member Wes Calvert departs, Benjamin Faw appointed, effective Feb 19, 2026
Wes Calvert resigned from the Board effective Feb 19, 2026; departure not due to any dispute with the Company.
Citi Trends holiday sales up 9.6% to $191.2M; reaffirms FY2025 outlook
Nine-week holiday sales $191.2M (+9.6% YoY); comparable store sales +9.3%; two-year stack +16.4%.
Citi Trends Q3 comp sales +10.8%; raises FY2025 EBITDA guidance to $10M-12M
Q3 total sales $197.1M (+10.1% YoY), comparable store sales +10.8%, two-year stack 16.5%.
Citi Trends Q2 comps +9.2%; raises FY2025 EBITDA guidance to $7-11M
Q2 total sales $190.8M (+8.0% YoY); comparable store sales +9.2%; gross margin 40.0% (up 890bps).
Citi Trends shareholders approve 500k share increase to 2021 Incentive Plan
Amendment to 2021 Incentive Plan approved, increasing authorized shares by 500,000.
Citi Trends Q1 beats with comp sales +9.9%, raises FY EBITDA guidance to $6-10M
Total sales $201.7M (+8.3% YoY); comp store sales +9.9% fueled by traffic, basket, conversion.
Citi Trends amends credit agreement, extends maturity to April 2030
Maturity extended five years from August 2026 to April 10, 2030.
Kenneth Seipel elected Chairman of the Board; David Heath appointed Lead Independent Director, effective April 2, 2025.
Citi Trends Q4 comp sales +6.4%; guides FY25 EBITDA $5-9M
Q4 total sales $211.2M (-1.9% due to shorter period); comparable store sales +6.4% on shifted 13-week basis.
Citi Trends SVP of Supply Chain Vivek Bhargava departs effective Jan 21, 2025
Vivek Bhargava, Senior Vice President of Supply Chain, left Citi Trends on January 21, 2025.
Citi Trends holiday sales $174.4M; comps +7.1%; high end of outlook
Holiday quarter-to-date sales $174.4M vs $169.0M prior year; comparable store sales +7.1%.
Citi Trends Q3 comps up 5.7%, gross margin 39.8%, raises H2 EBITDA outlook
Comparable store sales increased 5.7% in Q3; total sales $179.1M (-0.3%). Traffic, basket, and conversion improved.
Citi Trends appoints Ken Seipel permanent CEO; Q3 comp sales +5.7% above guidance
Ken Seipel, interim CEO since June, appointed permanent CEO effective Nov 18, 2024; base salary $725K/year.
Citi Trends Q2 net loss $18.4M vs $5.0M loss; sales up 1.7% to $176.6M; gross margin 31.1%
Q2 total sales $176.6M (+1.7% YoY); comp store sales -1.7% on shifted basis.
Citi Trends shareholders approve 450,000-share increase to 2021 Incentive Plan at annual meeting
All eight director nominees elected: Jonathan Duskin, Margaret Jenkins, Cara Sabin, Peter Sachse, Kenneth Seipel, David Heath, Chaoyang Liu, Michael Kvitko.
Total sales $186.3M (+3.7% YoY); comp store sales +3.1%; gross margin 38.7% vs 36.7% last year.
Citi Trends CEO Makuen steps down; preliminary Q1 EBITDA loss $0.8M, comps up 3.1%
David Makuen stepped down as CEO and Board member effective June 1, 2024; serves as Senior Advisor through Aug 3, 2024.
Citi Trends terminates stockholder rights agreement and eliminates Series A Preferred Stock
Board accelerated expiration of Rights to 5:00 PM ET on May 7, 2024; all Rights expired.
Q4 total sales $215.2M (+2.7% YoY, extra week $11.2M); comp sales -1.5%; diluted EPS $0.42 ($0.53 adjusted).
Citi Trends VP of Finance/PAO Jason Moschner departs; CFO Plutino assumes PAO role
Jason Moschner, VP of Finance and principal accounting officer, left Citi Trends effective March 7, 2024.
David Heath, Charles Liu, Michael Kvitko to be nominated at 2024 annual meeting; will serve as non-voting observers until then.
Citi Trends holiday sales $179.5M, comps -0.3%, reaffirms FY2023 guidance
Holiday sales $179.5M vs $181.9M in 2022; comp sales -0.3%, a ~600 bps improvement vs prior quarter.
Citi Trends adopts limited-duration stockholder rights plan triggered at 16% ownership
Rights plan expires Dec 4, 2024; triggered if any person/group acquires 16% (20% for passive investors) of common stock.
Citi Trends Q3 sales $179.5M (-6.7%); net loss $0.47/sh; guides FY EBITDA $1-7M
Q3 comparable store sales down 6.2%; total sales $179.5M, down 6.7% YoY.
Citi Trends Q2 2023 sales down 6.2% to $173.6M; comps down 5.3% but improve 880 bps from Q1
Total sales of $173.6M, down 6.2% YoY; comparable store sales decreased 5.3% but improved 880 bps from Q1 2023.
Citi Trends EVP HR & CCO Ivy Council to retire; stays through Sep 29, 2023
Ivy Council, EVP of Human Resources and Chief Compliance Officer, notified retirement on July 26, 2023.
Citi Trends shareholders elect 9 directors, approve say-on-pay with 96% support
All nine director nominees elected with >5.7M votes each; broker non-votes ~738K.
Citi Trends Q1 net loss $0.81/sh; sales down 13.7%; guides FY EBITDA $5-20M
Total sales $179.7M (-13.7% YoY); comp store sales -14.1%.
Citi Trends Q4 sales down 13.1% YoY; weak FY2023 outlook
Q4 total sales $209.5M, -13.1% vs Q4 2021; comparable store sales -14.4%.
Citi Trends hit by Hive ransomware; back office and DC systems disrupted, stores unaffected
Disruption occurred Jan 14, 2023; Hive ransomware affected back office and distribution center IT systems.
Citi Trends reports holiday sales $171.9M (-16.1% YoY); guides Q4 EPS $0.78-$0.86, cash ~$95-105M
Holiday sales for nine weeks ended Dec 31, 2022: $171.9M, down 16.1% vs 2021 but up 0.8% vs 2019.
Citi Trends Q3 2022: sales dip 15.6%, comps -18.3%; adjusted EPS $0.24
Total sales $192.3M, -15.6% YoY; comparable sales -18.3% vs +19.7% in Q3 2021.
Citi Trends changes registered agent and office; updates bylaws ministerially
Changed registered agent to Corporation Service Company and office to 251 Little Falls Drive, Wilmington, DE 19808.
Q2 total sales $185.0M (-22% YoY); comparable sales -24.9%; operating loss $3.3M vs $16.4M income YoY; diluted EPS -$0.31.
Citi Trends appoints Heather Plutino as CFO, effective June 27, 2022
Heather Plutino appointed EVP, CFO effective June 27, 2022; Jason Moschner remains VP Finance and principal accounting officer.
Citi Trends stockholders elect 9 directors, approve advisory say-on-pay and auditor ratification
All nine director nominees elected; Brian P. Carney received 6,280,056 votes for, 187,241 against.
Citi Trends Q1 adj. EPS $0.42 beats guidance; comps -29% YoY; guides FY22 rev $860-880M
Total sales $208M; comp store sales down 29.2% vs Q1 2021; positive stack 5.8% vs Q1 2019.
Citi Trends Q4 EPS $1.16 (vs $0.84 in 2019); FY22 EPS guidance $4.05-$4.60, down from $6.91
Total sales Q4 $241M (+14.2% vs 2019); FY21 $991.6M (+26.8% vs 2019).
Citi Trends CFO Pamela Edwards to retire by April 1, 2022
EVP, CFO and Principal Financial Officer Pamela Edwards notified retirement for personal reasons.
Citi Trends holiday comp up 14.8% vs 2019; FY2021 EPS guidance $6.70-$6.85; long-term EPS CAGR ≥20%
Holiday nine-week total sales $204.8M, up 20.1% vs 2019; comp store sales +14.8% vs 2019.
Citi Trends Q3 EPS $1.03, sales up 14.5% YoY; raises FY2021 guidance to $6.95-$7.10
Total sales $228.0M, +24.5% vs Q3 2019; comparable store sales +13.1% vs Q3 2020.
Citi Trends appoints two new independent directors to board
Cara Sabin (CEO of Sundial Brands) and Christina Francis (President of Magic Johnson Enterprises) elected to board effective Oct 31, 2021.
Citi Trends to present at Wells Fargo Consumer Conference on Sept 23
CEO David Makuen and VP of Finance Jason Moschner will participate in a fireside chat on Sept 23, 2021 at approx. 12:20 p.m. ET.
Citi Trends reports strong Q2 2021 results with sales up 29.8% vs Q2 2019 and EPS of $1.36
Total sales increased 29.8% to $237.3 million compared to Q2 2019
On March 25, 2025, Messrs. Sachse and Duskin informed the Board that they will retire from the Board, effective as of April 2, 2025.
Effective as of April 2, 2025, the Board appointed Mr. Seipel as Chairman of the Board and Mr. Heath as Lead Independent Director of the Board.
On March 25, 2025, the Board appointed each of the New Directors to serve as a member of the Board, effective as of April 2, 2025.
Effective as of April 2, 2025, the Board appointed Mr. Seipel as Chairman of the Board
On March 25, 2025, the Board appointed each of the New Directors to serve as a member of the Board, effective as of April 2, 2025.
On March 25, 2025, Messrs. Sachse and Duskin informed the Board that they will retire from the Board, effective as of April 2, 2025.
On January 21, 2025, Citi Trends, Inc. (the “Company”) announced that Vivek Bhargava, Senior Vice President of Supply Chain, is leaving the Company, effective January 21, 2025.
On November 19, 2024, the Company announced that its Board of Directors (the “Board”) has concluded its search for a Chief Executive Officer and has appointed Kenneth (Ken) D. Seipel, the Company’s Interim Chief Executive Officer and a member of the Board, to serve as its permanent Chief Executive Officer, effective as of November 18, 2024.
On May 29, 2024, the Board determined that David N. Makuen would transition from the role of Chief Executive Officer, effective June 1, 2024.
appointed Kenneth D. Seipel, a current member of the Board, to the position of Interim Chief Executive Officer, effective as of June 2, 2024.
Heather Plutino, the Company’s Chief Financial Officer, has replaced Mr. Moschner as the Company’s principal accounting officer, effective March 7, 2024.
On March 7, 2024, Citi Trends, Inc. (the “Company”) announced that Jason Moschner, the Company’s Vice President of Finance and principal accounting officer, is leaving the Company, effective March 7, 2024.
Max materiality 0.95 · Median 0.70 · Most common event earnings