Welcome to our dedicated page for Citi Trends news (Ticker: CTRN), a resource for investors and traders seeking the latest updates and insights on Citi Trends stock.
Citi Trends, Inc. reports news as an off-price value retailer of apparel, accessories, footwear and home trends primarily serving Black families in the United States. Company updates commonly cover comparable-store sales, holiday selling results, merchandise assortment changes, gross margin, SG&A leverage and operational execution across its store base.
Recurring announcements also include quarterly earnings releases, conference presentations, investor communications and governance developments such as board composition, committee leadership and shareholder-related cooperation agreements.
Citi Trends has appointed Ken Seipel as interim CEO effective June 2, 2024, following David Makuen's resignation as CEO and board member. Seipel, a veteran in the retail sector, has a track record of successful turnarounds. Makuen will stay temporarily as a Senior Advisor. The Board is now searching for a permanent CEO, considering both internal and external candidates. Preliminary Q1 2024 results show total sales of $186.3 million, a 3.1% growth in comparable sales, and an EBITDA loss of $0.8 million. The company plans to detail these results further in an investor call on June 4, 2024.
Citi Trends (NASDAQ: CTRN) announced it will release its first quarter 2024 earnings on June 4, 2024, before the market opens. A conference call will follow the earnings release at 9:00 a.m. ET the same day. Investors can access the live broadcast online via the company's website, or by dialing 1-877-407-0779. An online replay will be available for one year.
During the conference call, Citi Trends may discuss recent business and financial developments that have occurred since the quarter-end. Citi Trends is a specialty value retailer with 599 stores in 33 states, primarily serving African American and multicultural families in the U.S.
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