Highest-materiality recent filing
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 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 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 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.
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.
Q4 total sales $215.2M (+2.7% YoY, extra week $11.2M); comp sales -1.5%; diluted EPS $0.42 ($0.53 adjusted).
David Heath, Charles Liu, Michael Kvitko to be nominated at 2024 annual meeting; will serve as non-voting observers until then.
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 0.80 · Median 0.70 · Most common event earnings