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, Inc. (NASDAQ: CTRN) is set to release its first quarter 2022 earnings before the market opens on May 24, 2022. A conference call will occur on the same day at 9:00 a.m. ET, accessible at (303) 223-0118. A replay will be available until May 31, 2022. The call will cover business and financial developments post-quarter-end. Citi Trends operates 614 stores across 33 states, focusing on value retail for African American and Latinx families in the U.S. More details can be found at www.cititrends.com.
Macellum Private Capital has launched, focusing on investing in Black- and minority-owned businesses in the consumer and retail sectors. The firm highlights a $1 trillion market opportunity, addressing historical capital access challenges for these businesses. It aims to provide strategic resources through partnerships with established firms like G-III Apparel Group (NASDAQ: GIII) and Citi Trends (NASDAQ: CTRN). The investment team consists of seasoned professionals, led by Managing Partner Daniel Balzora, and aims to support growth and wealth sustainability within minority communities.
Citi Trends (CTRN) reported Q4 2021 total sales of $241 million, a 14.2% increase compared to Q4 2019, with gross margins at 40.4%. Earnings per diluted share rose to $1.16 from $0.84 in Q4 2019. For fiscal 2021, total sales reached $991.6 million, up 26.8% versus 2019. The company plans to open 35 new stores and remodel 50 stores in fiscal 2022, despite anticipating a 25-30% decline in Q1 sales due to previous stimulus effects. A sale-leaseback agreement for its distribution center will generate additional liquidity.
Citi Trends, Inc. (CTRN) is set to release its fourth-quarter earnings on March 15, 2022, before market opening. A conference call will follow at 9:00 a.m. ET to discuss financial developments. Interested parties can join the call by dialing (212) 231-2906. A replay will be available until March 22, 2022. Citi Trends, a specialty value retailer for African American and Latinx families, operates 610 stores across 33 states.
Citi Trends, Inc. (NASDAQ: CTRN) reported a 20.1% increase in sales during the nine-week holiday period ending January 1, 2022, reaching $204.8 million, compared to $170.5 million in 2019. Comparable store sales rose 14.8% versus 2019. Despite lower traffic attributed to COVID-19, the company remains optimistic, expecting fiscal 2022 total sales of $990.0 million to $995.0 million and diluted EPS between $6.70 and $6.85. Citi Trends plans to open and remodel 45 stores each in 2022.
Citi Trends, Inc. (NASDAQ: CTRN) announced its participation in the 2022 ICR Conference on January 10, 2022, at 9:30 a.m. ET. CEOs and executives David Makuen, Lisa Powell, and Jason Moschner will represent the company. A live webcast of their presentation will be available on cititrends.com under Investor Relations, and an archived version will be accessible three hours post-event. The company will also release its nine-week holiday sales results on the same date before market opening.
Citi Trends (CTRN) reported a strong third quarter for fiscal 2021, with total sales of $228 million, a 24.5% increase compared to Q3 2019. Comparable store sales rose 19.7%, and gross margin improved to 40.3%, up 290 bps. Earnings per diluted share reached $1.03, contrasting with a loss of ($0.09) in Q3 2019. The company raised its full-year earnings guidance to $6.95 to $7.10. Additionally, a new $30 million share repurchase program was approved. The outlook for Q4 anticipates high teens growth in comparable store sales compared to Q4 2019.
Citi Trends, Inc. (NASDAQ: CTRN) is set to release its third-quarter earnings report on November 30, 2021, before market opening. Following the earnings release, a conference call will be held at 9:00 a.m. ET to discuss financial developments and trends. Participants can access the call by dialing (303) 223-0117, with a replay available until December 7, 2021. The event can also be streamed live through the company’s website, and a replay will be accessible for a year thereafter.
Citi Trends (NASDAQ: CTRN) has announced the appointment of Christina Francis and Cara Sabin as new independent directors, effective October 31, 2021. This move enhances the diversity of the board, now consisting of three African American females out of seven independent directors. Their extensive backgrounds in marketing and business development are expected to enrich the board's strategic direction. Executive Chairman Peter Sachse expressed confidence in their contributions towards the company's growth and commitment to serving diverse communities.
Citi Trends, Inc. (NASDAQ: CTRN), a specialty retailer catering to African American and Latinx families, will participate in the Wells Fargo 4th Annual Consumer Conference in Dana Point, CA. On Thursday, September 23, 2021, CEO David Makuen and VP of Finance Jason Moschner will engage in a live fireside chat starting at 12:20 p.m. ET. Investors can access the live webcast and replay on the company’s website for one year. Citi Trends operates 591 stores across 33 states, focusing on affordable apparel, accessories, and home trends.