Highest-materiality recent filing
Citi Trends CFO Heather Plutino to step down; successor search underway
On Sept 10, 2026, EVP/CFO/CAO Heather Plutino notified Citi Trends she is stepping down for personal reasons.
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 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.
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 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 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.
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 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.
On September 10, 2026, Heather Plutino, Executive Vice President, Chief Financial Officer and Chief Accounting Officer of Citi Trends, Inc. (the “Company”), notified the Company of her decision to step down for personal reasons.
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.
Max materiality 0.85 · Median 0.68 · Most common event earnings