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18.06.25 - 22:06
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Citi Trends Announces 5th Annual Black History Makers Grant Winners (Business Wire)
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SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading off-price value retailer of apparel, accessories and home trends primarily for African American in the United States, has announced the grant winners of its 5th Annual Black History Makers program.
Managed by the Citi Trends CitiCares Council, which oversees change initiatives for the company's customers and employees, the Black History Makers program increases awareness of Black-owned businesses and recognizes entrepreneurs positively impacting their communities. As a tangible show of encouragement and investment, the program awards ten $5,000 grants to Black business owners doing exceptional work. This year, the grant winners are:
#Premier Driver Education Services – Frenchye Mike; Savannah, GA; www.premierdrivered.com
Black People Will Swim – Paulana Lamonier; Franklin Square, NY; www.BlackPeopleWillSwim.com
Children Are Heroes Learning Center LLC – Valarie McGhee; Richardson, TX; www.childrenareheroes.com
Elizabeth Hous...
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03.06.25 - 12:51
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Citi Trends Announces First Quarter Fiscal 2025 Results (Business Wire)
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Comparable store sales growth of 9.9%; Two-year stack of 13.0%
Total year-over-year sales growth of 8.3%, or $15.4 million, to $201.7 million
Adjusted EBITDA* of $5.4 million, $6.2 million higher than prior year
Balance sheet continues to have ample liquidity and no debt
Company raises Fiscal 2025 OutlookSAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States, today reported results for the first quarter ended May 3, 2025. For purposes of comparison, unless otherwise stated, metrics in this release are compared to the 13-week first quarter ended May 4, 2024.
Chief Executive Officer Comments
Ken Seipel, Chief Executive Officer said, “I am pleased to report progress on our continued strategic transformation journey, as evidenced by our strong first quarter results on both the top and bottom line as well as stronger-than-expected adjusted EBITDA flowthrough. The ...
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20.05.25 - 12:51
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Citi Trends Sets Date for First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the first quarter 2025 before the market opens on Tuesday, June 3, 2025. Citi Trends will host a conference call on the same day at 9:00 a.m. ET.
A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on June 3, 2025, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779.
During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company's responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.
About Citi Trends
Citi Trends, Inc. is a lea...
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27.03.25 - 13:48
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Citi Trends Announces Election of Ken Seipel as Chairman of the Board and Refresh of Board of Directors (Business Wire)
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Announces Retirement of Peter Sachse and Jonathan Duskin
Announces Appointment of Wesley Calvert and Pamela Edwards to the Board
Company Enters Into Amended and Restated Cooperation Agreement with Fund 1 Investments
Company Expects Strong Q1 2025 Comparable Store Sales Growth of Mid to High-Single Digits
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States, today announced that its Board of Directors (the “Board”) has elected Kenneth (Ken) Seipel, the Company's Chief Executive Officer and a member of the Board, as Chairman of the Board, effective April 2, 2025. The Board unanimously voted to elect Mr. Seipel to the newly combined role, recognizing his extensive leadership experience and deep understanding of the Company's operations. Additionally, the Board appointed David Heath to serve as the Lead Independent D...
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18.03.25 - 11:48
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Citi Trends Announces Fourth Quarter and Fiscal 2024 Results (Business Wire)
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Q4 2024 total sales of $211.2 million with comparable store sales growth of 6.4% and average store inventory down 6.7%
Q4 2024 gross margin of 39.7%, expansion of 60 basis points from Q4 2023
Fiscal 2024 total sales of $753.1 million with comparable store sales growth of 3.4%
Company ends Fiscal 2024 with liquidity of approximately $136 million, including $61 million of cash and no debt
Company provides outlook for Fiscal 2025; expects low to mid-single digit comparable store sales increase and significant EBITDA improvement
Mid-single digit comparable store sales momentum has continued Q1 2025 to-date
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States, today reported results for the 13-week fourth quarter and 52-week full year ended February 1, 2025. For purposes of comparison, unless otherwise stated, metrics in this release are compared to the 14-week fo...
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04.03.25 - 12:48
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Citi Trends Sets Date for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call (Business Wire)
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SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the fourth quarter and full year 2024 before the market opens on Tuesday, March 18, 2025. Citi Trends will host a conference call on the same day at 9:00 a.m. ET.
A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on March 18, 2025, beginning at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for one year. The live conference call can also be accessed by dialing 1-877-407-0779.
During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company's responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.
About Citi Trends
Citi Tr...
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