Citi Trends, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 19, 2024 at 06:45 am EDT
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Citi Trends, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 215.18 million compared to USD 209.46 million a year ago. Net income was USD 3.55 million compared to USD 6.64 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.81 a year ago.
For the full year, the company reported sales was USD 747.94 million compared to USD 795.01 million a year ago. Net loss was USD 11.98 million compared to net income of USD 58.89 million a year ago. Basic loss per share from continuing operations was USD 1.46 compared to basic earnings per share from continuing operations of USD 7.17 a year ago. Diluted loss per share from continuing operations was USD 1.46 compared to diluted earnings per share from continuing operations of USD 7.17 a year ago.
Citi Trends, Inc. is a specialty retailer of apparel, accessories and home trends primarily for African American and multicultural families in the United States. It operates over 611 stores in urban, suburban and rural markets in 33 states. It offers range of merchandise, including apparel for juniors, missy and women (plus size), including fashion sportswear, outerwear, sleepwear, lingerie and scrubs. It offers apparel for men and big men, including fashion sportswear and outerwear and fashion clothing for boys and girls up to size 20 and sizes for newborns, infants and toddlers, as well as kids uniforms and kids accessories. It also provides fashionable handbags, luggage, hats, belts, sunglasses, jewelry and watches for men and women, as well as basic undergarments for the entire family and beauty and fragrance offerings for women and men; home goods for the bedroom, bathroom, kitchen and decorative accessories, and casual and dress footwear in sizes for men, ladies and kids.
CITI TRENDS, INC. 
