News & Events

News & Events

News
Sep 14, 2020
Fully repaid outstanding borrowings under revolving credit facility Reinstates $30 million share repurchase program Reaffirms prior third quarter 2020 guidance SAVANNAH, Ga. --(BUSINESS WIRE)--Sep. 14, 2020-- Citi Trends, Inc. (NASDAQ: CTRN), the leading value retailer of apparel, accessories and
Aug 20, 2020
Second quarter total sales increased 18.2% to $216 million and comparable sales in reopened stores increased 32.2% exceeding expectations Gross margin increased 390 bps to 41.2% driven by full-priced sales Operating margin expanded to 12.2% compared to 0.1% in the prior year period Earnings per
Jun 30, 2020
Safely reopened the majority of stores across 33 states Second quarter-to-date total sales increased 25% and comparable sales in reopened stores increased 53%, exceeding expectations Company forms CitiCARES ™ Council to support Black communities SAVANNAH, Ga. --(BUSINESS WIRE)--Jun.
May 28, 2020
Strong liquidity with cash and investments of $108.1 million at the end of the first quarter First quarter sales $116 million and loss per share ( $2.00 ), or ( $1.94 ) on an adjusted basis* Safely reopened 498 stores from April 24, 2020 to date that have registered strong comparable store sales
Apr 28, 2020
SAVANNAH, Ga. --(BUSINESS WIRE)--Apr. 28, 2020-- Citi Trends, Inc. (NASDAQ: CTRN) today provided an update on additional actions the Company is taking in response to the coronavirus (COVID-19) pandemic. At Citi Trends , the health, safety and well-being of our employees, customers and the
Mar 23, 2020
SAVANNAH, Ga. --(BUSINESS WIRE)--Mar. 23, 2020-- Citi Trends, Inc. (NASDAQ: CTRN) announced today that it has drawn down $43.7 million in principal amount under its committed $50 million revolving credit facility. The Company’s borrowing under its revolving credit facility was a proactive measure
Mar 20, 2020
SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today provided an update on the actions it is taking in response to the continued spread of the coronavirus (COVID-19). Citi Trends will temporarily close all of its retail stores, effective today, March 20, 2020 .
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