News & Events

News & Events

News
Oct 28, 2020
Third quarter comparable store sales expected to increase approximately 5%, exceeding prior expectations Repurchased approximately 350,000 shares under reinstated $30 million share repurchase program Opened six new Citi Trends stores bringing the fleet total to 585 Appoints Pamela Edwards as Chief
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
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