UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2008
Citi Trends, Inc.
(Exact name of registrant as specified in its charter)
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Delaware |
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000-51315 |
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52-2150697 |
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(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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104 Coleman Blvd., Savannah, Georgia |
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31408 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: (912) 236-1561
Former name or former address, if changed since last report: Not applicable
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre- commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2008, the Company issued a press release reporting its unaudited sales results for the quarter ended May 3, 2008 (the “Press Release”). A copy of the Press Release is attached to this Current Report on Form 8-K (“Current Report”) as Exhibit 99.1 and the contents of which are incorporated herein solely for purposes of this Item 2.02 disclosure.
The information in this Item 2.02, including the exhibit attached to this Current Report, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Current Report, including the exhibit, shall not be incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 7, 2008 |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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CITI TRENDS, INC. |
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Date: May 7, 2008 |
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By: |
/s Bruce D. Smith |
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Name: Bruce D. Smith |
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Title: Chief Financial Officer |
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Exhibit Index |
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Exhibit No. |
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Description |
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99.1 |
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Press Release dated May 7, 2008 |
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Exhibit 99.1
CITI TRENDS ANNOUNCES FIRST QUARTER SALES
Net sales increased 13.5% to $121.0 million in the first quarter of fiscal 2008;
Comparable store sales increased 0.3%
SAVANNAH, GA (May 7, 2008) — Citi Trends, Inc. (NASDAQ: CTRN) today reported unaudited sales results for the first quarter of fiscal 2008.
Total sales in the 13-week period ended May 3, 2008 increased 13.5% to $121.0 million compared with $106.6 million in the 13-week period ended May 5, 2007. Comparable store sales increased 0.3% in the first quarter.
The Company expects to report complete financial results for its first quarter and update its fiscal 2008 outlook after the market closes on May 21, 2008.
About Citi Trends
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company currently operates 331 stores located in 20 states in the Southeast, Mid-Atlantic and Midwest regions and the state of Texas. Citi Trends’ website address is www.cititrends.com. CTRN-E
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Contact: |
Ed Anderson |
Bruce Smith |
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Citi Trends, Inc. |
Citi Trends, Inc. |
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Chief Executive Officer |
Chief Financial Officer |
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(912) 443-3705 |
(912) 443-2075 |
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102 Fahm St. Savannah, Ga 31401 · (912) 236-1561 · Fax (912) 443-3674