Profile
Sector:
Consumer CyclicalIndustry:
Apparel RetailCountry:
United StatesIPO:
18 May 2005Website:
http://cititrends.comNext earnings report:
28 November 2024Last dividends:
02 March 2020Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:02:43 GMTDividend
Analysts recommendations
Institutional Ownership
CTRN Latest News
Citi Trends' 2Q24 results were disappointing, with significant operational losses, inventory markdowns, and decelerating comparable revenues, raising concerns about the company's viability. The stock has lost 50% since February 2024, reflecting a 50% or higher chance of the company never recovering, making it a speculative play. The new CEO's strategies focus on improving product assortment, but results are yet to be seen, and costs have increased.
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended May 4, 2024. Financial Highlights – First Quarter 2024 Total sales of $186.3 million increased 3.7% vs. Q1 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 3.1% compar.
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced that its Board of Directors (the “Board”) has appointed Ken Seipel as the Company's interim Chief Executive Officer (“CEO”), effective June 2, 2024. In connection with the appointment, David Makuen has stepped.
In the wake of a media giant's quarterly report, the Oracle of Omaha is again bolstering his stake in the tracking stocks with some huge insider purchases.
Citi Trends missed on both sales and earnings this morning. Its quarterly loss was actually three times as big as what Wall Street was expecting.
Urban fashion apparel retailer Citi Trends Inc. CTRN reported Tuesday that it swung to a much wider-than-expected third-quarter loss on sales that fell more than forecast, as a more selective customer navigates higher costs of living. The net loss for the quarter to Oct. 28 was $3.9 million, or 47 cents a share, after net income of $24.6 million, or $3.02 a share, in the year-ago period.
Citi Trends Inc. ( CTRN , Financial), a leading retailer of urban fashion apparel and accessories in the United States, has seen a significant increase in its stock price over the past three months. As of August 23, 2023, the company's stock price stands at $25.39, up by 28.45% from $16.97 three months ago.
Citi Trends, Inc. (NASDAQ:CTRN ) Q2 2023 Earnings Conference Call August 22, 2023 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR IR David Makuen - CEO Heather Plutino - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Greg Sommer - Gordon Haskett John Lawrence - Benchmark Operator Greetings, and welcome to the Citi Trends 2Q '23 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded Tuesday, August 22, 2023.
Oil prices rose on Monday to reach their highest since mid-April following an extension of production cuts by Saudi Arabia and Russia.
Shares of Marvell Technology surged about 25% off the back of quarterly earnings results.
What type of business is Citi Trends?
Citi Trends, Inc. operates as a value retailer of fashion apparel, accessories, and home goods. The company offers apparel, such as fashion sportswear and footwear for men and ladies, as well as apparel for kids, including newborns, infants, toddlers, boys, and girls; sleepwear, lingerie, and scrubs for ladies; and kids uniforms and accessories. It also provides accessories and beauty products that include handbags, luggage, hats, belts, sunglasses, jewelry, and watches, as well as offers outerwear for men and women. In addition, the company offers home and lifestyle products comprising home products for the bedroom, bathroom, kitchen, and decorative accessories; and food, tech, team sports, health and products, as well as seasonal items, books, and toys. Citi Trends, Inc. provides its products primarily to African American and multicultural families in the United States. The company was formerly known as Allied Fashion, Inc. and changed its name to Citi Trends, Inc. in 2001. Citi Trends, Inc. was founded in 1946 and is headquartered in Savannah, Georgia.
What sector is Citi Trends in?
Citi Trends is in the Consumer Cyclical sector
What industry is Citi Trends in?
Citi Trends is in the Apparel Retail industry
What country is Citi Trends from?
Citi Trends is headquartered in United States
When did Citi Trends go public?
Citi Trends initial public offering (IPO) was on 18 May 2005
What is Citi Trends website?
https://cititrends.com
Is Citi Trends in the S&P 500?
No, Citi Trends is not included in the S&P 500 index
Is Citi Trends in the NASDAQ 100?
No, Citi Trends is not included in the NASDAQ 100 index
Is Citi Trends in the Dow Jones?
No, Citi Trends is not included in the Dow Jones index
When was Citi Trends the previous earnings report?
No data
When does Citi Trends earnings report?
The next expected earnings date for Citi Trends is 28 November 2024