Jun. 3 at 10:50 AM
$CTRN Citi Trends reports Q1 EPS 17c vs. (32c) last year
Reports Q1 revenue
$201.7M vs.
$186.29M last year. CEO Ken Seipel said, "I am pleased to report progress on our continued strategic transformation journey, as evidenced by our strong Q1 results on both the top and bottom line as well as stronger-than-expected adjusted EBITDA flowthrough. The tide is rising on all fronts at Citi Trends with all retail metrics trending positively and growth in both apparel and non-apparel, in all climate zones, and in all store volumes.
Our sales momentum has continued with Q2 '25 quarter-to-date comparable store sales growth trending in the mid to upper-single digits. There is no doubt that there is a great deal of macro-economic uncertainty, particularly as it relates to tariffs. Our approach is to be aggressive to drive growth and remain flexible to react and adjust as needed.
For the foreseeable future, our teams have successfully held net product costs flat in aggregate, finding alternative goods when needed and taking advantage of off-price opportunities created by the disrupted environment. As a result, we have mitigated near-term margin pressure and we remain optimistic about our ability to control our business results".
