News & Events

News & Events

News
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 .
Mar 13, 2020
Fourth quarter comparable store sales up 3.1% Fourth quarter earnings per diluted share up 42% to $0.84 , or up 49% to $0.88 on an adjusted basis* Fourth quarter gross profit expands 235 basis points to 39.7% Continued capital return program, returning $32 million to shareholders in fiscal 2019 and
Feb 21, 2020
Appoints David Makuen as Chief Executive Officer Interim CEO Peter Sachse to transition to Executive Chairman Fiscal 2019 full year EPS narrowed to upper end of prior guidance SAVANNAH, Ga. --(BUSINESS WIRE)--Feb. 21, 2020-- Citi Trends, Inc. (NASDAQ: CTRN) today announced that the Company’s Board
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