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Citi Trends Inc - CTRN STOCK NEWS

Welcome to our dedicated news page for Citi Trends (Ticker: CTRN), a resource for investors and traders seeking the latest updates and insights on Citi Trends.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citi Trends's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citi Trends's position in the market.

News
Citi Trends Announces Fourth Quarter and Fiscal 2023 Results
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) reported Q4 2023 total sales of $215.2 million with a gross margin of 39.1% and diluted EPS of $0.42. Fiscal 2023 total sales were $747.9 million. The company ended Fiscal 2023 with $155 million of liquidity. The outlook for Fiscal 2024 includes mid-single digit comp increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.32%
Tags
earnings
-
News
Citi Trends Sets Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) announced the upcoming release of its Q4 and full-year 2023 earnings on March 19, 2024. A conference call will be held at 9:00 a.m. ET the same day. Details for accessing the call and online broadcast are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
earnings
-
News
Citi Trends Announces Refresh of Board of Directors
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) announces a cooperation agreement with Fund 1 Investments, nominating three new independent directors for election to the Board of Directors at the 2024 Annual Meeting. The Agreement includes a standstill and voting commitment by Fund 1. The new directors bring retail and supply chain expertise to enhance stockholder value and meet customer needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.53%
Tags
management
News
Citi Trends Announces 2023 Holiday Sales Results for Quarter-to-date Through January 6, 2024
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) reported total holiday sales for the quarter-to-date period ending January 6, 2024, of $179.5 million, which was at the high end of expectations. Comparable store sales decreased by -0.3% compared to Fiscal 2022, representing a significant trend improvement. The company also reaffirmed its 2023 guidance, including an expected year-end cash balance of $80 million to $90 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
-
News
Citi Trends Adopts Limited Duration Stockholder Rights Plan
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) has adopted a limited duration stockholder rights plan to protect stockholders from any entity gaining control without paying an appropriate control premium. The plan is not a response to any specific takeover bid and is similar to plans adopted by other publicly held companies. The Rights Plan expires on December 4, 2024, unless earlier redeemed, exchanged, or amended.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
Tags
none
-
News
Citi Trends Announces Third Quarter 2023 Results
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) reported third quarter sales of $179.5 million, a 6.7% decrease from Q3 2022, with a gross margin of 38.2%. Year-to-date total sales were $532.8 million, a 9.0% decrease from 2022, with a gross margin of 37.7%. The company experienced an operating loss of $6.0 million in Q3 2023 and $23.4 million for the 39 weeks ended October 28, 2023. The net loss per share was $0.47 for Q3 2023 and $1.89 for the 39 weeks ended October 28, 2023. The company's liquidity stands at $135 million with no debt. Citi Trends updated its fiscal 2023 guidance, expecting full year total sales to be down mid-single digits compared to fiscal 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.05%
Tags
earnings
News
Citi Trends Sets Date for Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Citi Trends, Inc. (NASDAQ: CTRN) announced plans to release its Q3 2023 earnings before the market opens on November 28, 2023. The company will host a conference call at 9:00 a.m. ET on the same day, discussing business and financial developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
earnings
-
News
Citi Trends Announces Second Quarter 2023 Results
Rhea-AI Summary
Citi Trends reports Q2 2023 results with total sales of $173.6 million, sequential improvement in comparable store sales, and strong gross margin of 38.2%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
earnings
-
News
PRIVACY ALERT: Citi Trends Retailer Under Investigation for Data Breach of Employee Records
Rhea-AI Summary
Schubert Jonckheer & Kolbe LLP is investigating a data breach impacting the employee records of Citi Trends, Inc. The breach resulted in the theft of personal information, including full names, Social Security numbers, and bank account information. Impacted individuals may be entitled to money damages and changes to Citi Trends' security practices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none
News
Citi Trends Announces 3rd Annual Black History Makers Grant Winners
Rhea-AI Summary
Citi Trends, Inc. has announced the grant winners of its 3rd Annual Black History Makers program. Ten Black business owners will receive $5,000 grants for their exceptional work. The winners include WEAR BRIMS, Black Girl MATHgic, The Lampley, The Pretty Spirit Palace, Perfect Pout Houston Makeup Artistry, Belle Noire, Nappy Head Club, Just a Girl from KC, Love Amour Propre, and #EndTheStereotypes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
Stock CTRN logo
Citi Trends Inc

Nasdaq:CTRN

CTRN Rankings

#3792 Ranked by Market Cap
#1932 Ranked by Stock Gains
N/A Ranked by Dividends

CTRN Stock Data

196.01M
6.17M
5.2%
102.19%
13.17%
Clothing Accessories Stores
Retail Trade
Link
US
Savannah

About CTRN

citi trends is a value-priced retailer of urban fashion apparel, shoes, accessories and home décor for the entire family. our merchandise offerings are designed to appeal to the preferences of fashion & value conscious consumers. our goal is to provide nationally recognized branded merchandise at discounts off department and specialty stores’ regular prices of 20% to 70%. citi trends buyers source merchandise from over 1600 vendors to deliver quality fashion product at outstanding value for our customers. in may 2005, citi trends became a publicly traded company on the nasdaq exchange with the symbol ctrn. citi trends'​ headquarters are located in savannah, georgia. in addition to the corporate office in savannah, we have one distribution center in darlington, south carolina and another in roland, oklahoma. we have buying offices in new york city and los angeles. we operate 515 stores in 31 states and employ approximately 4500 people.