Citi Trends Inc shareholders approved Ratification, on a non-binding basis, of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2027 at the 2026-06-10 meeting.
“(3) Ratification, on a non-binding basis, of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2027: For Against Abstain Broker Non-Votes 7,311,711 1,301 8,318 0”
Shareholder Votes
Citi Trends Inc shareholders approved A proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as set forth in the Proxy Statement at the 2026-06-10 meeting.
“(2) A proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as set forth in the Proxy Statement: For Against Abstain Broker Non-Votes 6,652,352 59,072 5,695 604,211”
Shareholder Votes
Citi Trends Inc shareholders approved Election of eight directors at the 2026-06-10 meeting.
“The voting results were as follows: (1) The election of eight directors: Board of Directors Nominee For Against Abstain Broker Non-Votes Pamela Edwards 4,268,634 2,443,138 5,347 604,211 Benjamin Faw 6,698,848 12,924 5,347 604,211 David A. Heath 6,698,071 13,701 5,347 604,211 Margaret L. Jenkins 6,645,741 66,031 5,347 604,211 Michael S. Kvitko 6,684,717 27,053 5,349 604,211 Chaoyang (Charles) Liu 6,689,004 22,766 5,349 604,211 Cara Robinson 6,677,190 34,583 5,346 604,211 Kenneth D. Seipel 6,700,829 10,943 5,347 604,211”
Earnings Releases
Citi Trends Inc reported the first quarter ended May 2, 2026 results: revenue $230.9 million, net income $7.8 million. Guidance reaffirmed.
“(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”
Earnings Releases
Citi Trends Inc reported first quarter ended May 2, 2026 results: revenue $230.9 million. Guidance raised.
“99.1 Exhibit 99.1 CITITRENDS PRE-ANNOUNCES STRONG PRELIMINARY Q1 SALES AND EBITDA IN ADVANCE OF CONFERENCE PARTICIPATION Q1 2026 preliminary total sales increased 14.4% to $230.9 million Preliminary comparable store sales increase of 13.9%, 23.8% on a two-year basis Company raises fiscal 2026 Outlook SAVANNAH, GA (May 27, 2026) — Citi Trends, Inc. (NASDAQ: CTRN),”
Earnings Releases
Citi Trends Inc updated its fiscal 2026 guidance (initiated).
“Expecting total sales growth of 6% to 8% with comparable store sales growth in the range of 5% to 7%”
Earnings Releases
Citi Trends Inc reported the fiscal year ended January 31, 2026 results: revenue $820.0 million, net income $5.2 million.
“FOURTH QUARTER AND FISCAL 2025 RESULTS Q4 2025 total sales of $230.4 million with comparable store sales growth of 8.9%; Two-year stack of 15.3% Fiscal 2025 total sales of $820.0 million with comparable store sales growth of 9.7%; Two-year stack of 13.1% Strong start to Q1 2026 with high-single digit comparable store sales increase Fiscal 2026 Outlook doubles”
Earnings Releases
Citi Trends Inc reported the fourth quarter ended January 31, 2026 results: revenue $230.4 million, net income $7.4 million.
“--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 tm268989d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 CITITRENDS ANNOUNCES FOURTH QUARTER AND FISCAL 2025 RESULTS Q4 2025 total sales of $230.4 million with comparable store sales growth of 8.9%; Two-year stack of 15.3% Fiscal 2025 total sales of $820.0 million with comparable store sales growth of 9.7%; Two-year stack of 13.1%”
Pamela Edwards was appointed as Director at Citi Trends Inc.
“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.”
Wesley Calvert was appointed as Director at Citi Trends Inc.
“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.”
Jonathan Duskin departed as Director at Citi Trends Inc.
“On March 25, 2025, Messrs. Sachse and Duskin informed the Board that they will retire from the Board, effective as of April 2, 2025.”
Peter Sachse departed as Director at Citi Trends Inc.
“On March 25, 2025, Messrs. Sachse and Duskin informed the Board that they will retire from the Board, effective as of April 2, 2025.”
David Heath was appointed as Lead Independent Director at Citi Trends Inc.
“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.”
Kenneth Seipel was appointed as Chairman of the Board at Citi Trends Inc.
“Effective as of April 2, 2025, the Board appointed Mr. Seipel as Chairman of the Board”
Vivek Bhargava departed as Senior Vice President of Supply Chain at Citi Trends Inc.
“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.”
Kenneth (Ken) D. Seipel was appointed as Chief Executive Officer at Citi Trends Inc.
“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.”
Kenneth D. Seipel was appointed as Interim Chief Executive Officer at Citi Trends Inc.
“appointed Kenneth D. Seipel, a current member of the Board, to the position of Interim Chief Executive Officer, effective as of June 2, 2024.”
David N. Makuen resigned as Chief Executive Officer at Citi Trends Inc.
“On May 29, 2024, the Board determined that David N. Makuen would transition from the role of Chief Executive Officer, effective June 1, 2024.”
Governance Changes
Citi Trends Inc: Filed a Certificate of Elimination to eliminate all provisions of the Certificate of Designation for Series A Junior Participating Preferred Stock, returning those shares to authorized but undesignated preferred stock (effective 2024-05-07).
“On May 7, 2024, the Company filed a Certificate of Elimination (the “ Certificate of Elimination ”) with the Secretary of State of the State of Delaware eliminating all provisions of the Certificate of Designation previously filed by the Company with the Delaware Secretary of State on December 6, 2023 related to the series of preferred stock designated as Series A Junior Participating Preferred Stock (the “ Series A Preferred Stock ”) established pursuant to the Rights Agreement.”
Material Agreements
Citi Trends Inc terminated Stockholder Protection Rights Agreement with Equiniti Trust Company, LLC (effective 2024-05-07).
“The Amendment terminated the Rights Agreement by accelerating the expiration time of the Company's preferred share purchase rights”
Earnings Releases
Citi Trends Inc updated its the fourth quarter and full year ended February 3, 2024 guidance (initiated).
“On March 19, 2024, the Company issued a press release reporting its financial results for the fourth quarter and full year ended February 3, 2024 and its outlook for fiscal year 2024”
Heather Plutino was appointed as Chief Financial Officer at Citi Trends Inc.
“Heather Plutino, the Company’s Chief Financial Officer, has replaced Mr. Moschner as the Company’s principal accounting officer, effective March 7, 2024.”
Jason Moschner departed as Vice President of Finance and principal accounting officer at Citi Trends Inc.
“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.”
Christina Francis retired as Director at Citi Trends Inc.
“Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.”
Laurens Goff retired as Director at Citi Trends Inc.
“Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.”
Brian Carney retired as Director at Citi Trends Inc.
“Three incumbent directors of the Board, Brian Carney, Laurens Goff and Christina Francis, have informed the Board that they will retire from the Board, effective as of the conclusion of the 2024 Annual Meeting.”
Governance Changes
Citi Trends Inc: Company adopted a Certificate of Designation for Series A Junior Participating Preferred Stock, filed with the Secretary of State of Delaware on December 6, 2023 (effective 2023-12-06).
“the Company has adopted a Certificate of Designation of Series A Junior Participating Preferred Stock (the “ Certificate of Designation ”). The Certificate of Designation was filed with the Secretary of State of the State of Delaware on December 6, 2023.”
Earnings Releases
Citi Trends Inc reported financial results for third quarter ended October 28, 2023.
“On November 28, 2023, the Company issued a press release reporting its financial results for the third quarter ended October 28, 2023”
Earnings Releases
Citi Trends Inc reported the second quarter ended July 29, 2023 results: revenue $173.6 million, EPS ($0.61). Guidance reaffirmed.
“Financial Highlights – Second Quarter 2023 ● Total sales of $173.6 million decreased 6.2% vs. Q2 2022; Comparable store sales decreased 5.3% compared to Q2 2022, an 880 bps improvement to Q1 2023 ● Gross margin of 38.2% vs. 38.1% in Q2 2022; 150 bps increase to Q1 2023 ● Operating loss of $7.9 million, or a loss of $7.8 million as adjusted*, compared to operating loss of $3.3 million in Q2 2022 ● Net loss per share of ($0.61), or adjusted net loss per share* of ($0.60), vs. net loss per share of ($0.31) in Q2 2022 ● Quarter-end total dollar inventory decreased 5.4% compared to Q2 2022 ● Total liquidity of approximately $141 million at the end of the quarter, made up of $65.8 million of cash, no borrowings under a $75 million credit facility, and no debt ● During Q2 2023, the Company opened 5 new stores, closed 2 underperforming locations and remodeled 8 stores, ending the quarter with 611 stores”
Ivy Council departed as Executive Vice President of Human Resources and Chief Compliance Officer at Citi Trends Inc.
“On July 26, 2023, Ivy Council, 66, the Executive Vice President of Human Resources and Chief Compliance Officer of Citi Trends, Inc. (the “Company”), notified the Company of her decision to retire after 16 years of service.”
Shareholder Votes
Citi Trends Inc shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm at the 2023-06-09 meeting.
“ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending February 28, 2024”
Shareholder Votes
Citi Trends Inc shareholders approved Frequency of future Say-on-Pay votes at the 2023-06-09 meeting.
“A vote on a non-binding, advisory basis, of the frequency of future “Say-on-Pay” votes”
Shareholder Votes
Citi Trends Inc shareholders approved Advisory vote on executive compensation (Say-on-Pay) at the 2023-06-09 meeting.
“A proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers (“Say-on-Pay”) as set forth in the proxy statement”
Shareholder Votes
Citi Trends Inc shareholders approved Election of nine directors at the 2023-06-09 meeting.
“(1) elected nine director nominees whose terms will expire at the 2024 annual meeting of stockholders”
Earnings Releases
Citi Trends Inc updated its fiscal year 2023 guidance (lowered).
“Given the uncertain macro-economic environment, the Company is updating its outlook for fiscal 2023 as follows: · Full year total sales are expected to be in the range of negative mid single-digits to negative low single-digits as compared to fiscal 2022, assuming a challenging first half with modest improvement in the second half of the year · Full year EBITDA now expected to be in the range of $5 million to $20 million · The Company now plans to open 5 new stores and remodel 10 to 20 stores in the year · Full year capital expenditures are now expected to be in the range of $15 million to $20 million · Year end cash balance is expected to be in the range of $85 million to $105 million · The remaining aspects of the prior guidance are unchanged with full year gross margin expected to be in the high thirties and the closure of 10 to 15 underperforming stores”
Earnings Releases
Citi Trends Inc reported first quarter ended April 29, 2023 results: revenue $179.7 million, EPS ($0.81).
“CITI TRENDS ANNOUNCES FIRST QUARTER 2023 RESULTS Total sales of $179.7 million, in line with previously stated guidance Strong financial position with liquidity of approximately $164 million and no debt Company updates fiscal year 2023 guidance SAVANNAH, GA (May 23, 2023) — Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended April 29, 2023.”
Earnings Releases
Citi Trends Inc updated its fiscal 2023 (the 53 week period ending February 3, 2024) guidance (initiated).
“Fiscal 2023 Outlook Given the macro-economic environment, the Company expects low income families, the bulk of its customer base, to remain under pressure in the first half of fiscal 2023 (the 53 week period ending February 3, 2024) with gradual relief as the year unfolds. As a result, the Company’s outlook for fiscal 2023 is as follows: · First quarter total sales are expected to decline by approximately low double digits to mid-teens as compared to the first quarter of fiscal 2022, with an operating loss in the quarter · Combined second quarter through fourth quarter improvements will be driven by operational efficiencies, tight SG&A control and a sharpened focus on trend development with ample liquidity to refine assortments · Full year total sales are planned to be in the range of negative low single-digits to positive low single-digits as compared to fiscal 2022 · Full year gross margin to remain in the high thirties driven by continued inventory control and freight management · F”
Earnings Releases
Citi Trends Inc reported fiscal year ended January 28, 2023 results: revenue $795.0 million, net income $58.9 million, EPS $7.17.
“Total sales of $795.0 million decreased 19.8% vs. 2021 and increased 1.7% vs. 2019 · Gross margin of 39.1% vs. 41.1% in 2021 and 38.0% in 2019 · Operating income of $75.3 million, or $11.4 million as adjusted*, vs. $79.5 million in 2021 and $18.5 million in 2019, or $20.6 million as adjusted* · Net income of $58.9 million, or $9.4 million as adjusted*, compared to $62.2 million in 2021 and $16.5 million in 2019, or $18.2 million as adjusted* · Adjusted EBITDA* of $32.0 million vs. $99.9 million in 2021 and $39.2 million in 2019 · Diluted EPS of $7.17, or $1.14 as adjusted*, vs. diluted EPS of $6.91 in 2021 and $1.41 in 2019, or $1.56 as adjusted*”
Earnings Releases
Citi Trends Inc reported fourth quarter ended January 28, 2023 results: revenue $209.5 million, net income $6.6 million, EPS $0.81.
“Total sales of $209.5 million decreased 13.1% vs. Q4 2021 and decreased 0.7% vs. Q4 2019; comparable store sales decreased 14.4% compared to Q4 2021 · Gross margin of 39.5% vs. 40.4% in Q4 2021 and 39.7% in Q4 2019 · SG&A expense dollars declined 11.3% vs. Q4 2021 and increased 4.3% vs. Q4 2019; SG&A expenses were 33.7% of sales compared to 33.0% in Q4 2021 and 32.1% in Q4 2019 · Operating income of $7.4 million, or $7.5 million as adjusted*, compared to $12.6 million in Q4 2021 and $11.3 million in Q4 2019, or $11.8 million as adjusted* · Net income of $6.6 million compared to $9.8 million in Q4 2021 and $9.4 million in Q4 2019 · Adjusted EBITDA* of $12.3 million compared to $17.8 million in Q4 2021 and $16.6 million in Q4 2019 · Diluted EPS of $0.81, or $0.83 as adjusted*, vs. diluted EPS of $1.16 in Q4 2021 and diluted EPS of $0.84 in Q4 2019, or $0.88 as adjusted*”
Earnings Releases
Citi Trends Inc reported the 39 weeks ended October 29, 2022 results: revenue $585.6 million, net income $52.3 million, EPS $6.34. Guidance reaffirmed.
“Total sales of $585.6 million decreased 22.0% vs. 2021 and increased 2.6% vs. 2019; comparable sales decreased 24.5% compared to 2021 on top of a 26.9% increase in 2021 vs. 2019; 3 year stack of 2.4% ● Gross margin of 39.0% vs. 41.3% in 2021 and 37.4% in 2019 ● Operating income of $67.9 million, or $3.8 million as adjusted* for the gain on the sale of two distribution centers, vs. $66.9 million in 2021 and $7.3 million in 2019, or $8.3 million as adjusted* ● Net income of $52.3 million, or $2.9 million as adjusted*, vs. $52.4 million in 2021 and $7.1 million in 2019, or $8.0 million as adjusted* ● Adjusted EBITDA* of $19.6 million vs. $82.2 million in 2021 and $22.6 million in 2019 ● Diluted EPS of $6.34, or $0.35 as adjusted*, vs. diluted EPS of $5.71 in 2021 and $0.60 in 2019, or $0.67 as adjusted*”
Earnings Releases
Citi Trends Inc reported the third quarter ended October 29, 2022 results: revenue $192.3 million, net income $24.6 million, EPS $3.02. Guidance reaffirmed.
“Total third quarter sales of $192.3 million with gross margin of 39.8% Comparable sales decreased 18.3% vs. 19.7% increase in Q3 2021 vs. Q3 2019; 3 year stack of 1.4% Net income of $24.6 million; adjusted operating income* of $2.4 million Diluted EPS of $3.02; adjusted diluted EPS* of $0.24 vs. diluted loss per share of ($0.09) in 2019”
Jason B. Moschner changed role as Vice President, Finance and principal accounting officer at Citi Trends Inc.
“On the effective date of Ms. Plutino’s appointment, Jason B. Moschner will cease to serve as the Company’s principal financial officer but will continue to serve as the Company’s Vice President, Finance and principal accounting officer.”
Heather Plutino was appointed as Executive Vice President, Chief Financial Officer at Citi Trends Inc.
“On June 10, 2022, the Board of Directors of Citi Trends, Inc. (the “Company”) appointed Ms. Heather Plutino to serve as its Executive Vice President, Chief Financial Officer, effective as of June 27, 2022.”
Pamela J. Edwards departed as Executive Vice President, Chief Financial Officer and Principal Financial Officer at Citi Trends Inc.
“On January 28, 2022, Pamela J. Edwards, Executive Vice President, Chief Financial Officer and Principal Financial Officer of Citi Trends, Inc. (the “Company”), notified the Company of her decision to retire for personal reasons.”
Christina M. Francis was elected as Director at Citi Trends Inc.
“On October 20, 2021, the Board of Directors of Citi Trends, Inc. (the “Company”) increased the size of the Board of Directors to nine members and elected Cara Sabin and Christina M. Francis to the Board of Directors to serve as directors for a term effective October 31, 2021 until the Company’s 2022 annual meeting of stockholders.”
Cara Sabin was elected as Director at Citi Trends Inc.
“On October 20, 2021, the Board of Directors of Citi Trends, Inc. (the “Company”) increased the size of the Board of Directors to nine members and elected Cara Sabin and Christina M. Francis to the Board of Directors to serve as directors for a term effective October 31, 2021 until the Company’s 2022 annual meeting of stockholders.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.