Citi Trends (CTRN) Tops Q1 EPS by 8c, Updates FY Guidance
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Citi Trends Announces First Quarter 2022 Results
May 24, 2022 6:45 AM EDTTotal sales of $208 million
Comparable store sales decreased 29% vs. a 35% increase in Q1 2021 vs. Q1 2019
Gross margin of 39.0%
Diluted EPS of $3.59; adjusted diluted EPS* of $0.42 exceeding high end of guidance
Company completes sale-leaseback transaction for $46 million
SAVANNAH, Ga.--(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African... More
