CTRN Earnings Prediction
The chart below shows how CTRN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CTRN sees a -0.53% change in stock price 10 days leading up to the earnings, and a -3.87% change 10 days following the report. On the earnings day itself, the stock moves by +0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
CTRN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
179.52M
-6.66%
3.44%
Gross Margin
35.56%
-4.36%
0.17%
Operating Margin
-3.24%
-357.14%
-29.10%
Net Margin
-2.15%
-116.82%
-25.86%
EPS
-0.47
-115.56%
-22.95%
No Data Available
CTRN Earnings Analysis
Citi Trends, Inc. Corporation (CTRN.O) Earnings Conference Call
Positive
Strong Q3 Sales Growth: We delivered strong third quarter sales of $179.1 million, achieving positive comparable sales growth of 5.7%.
Gross Margin Expansion: Gross margin expanded by 160 basis points along with solid gross profit dollar growth that outpaced our top line expansion.
Cash Outlook for Fiscal 2024: We expect to end fiscal 2024 with approximately $60 million to $65 million of cash within our prior outlook.
Share Repurchase Program Resumption: Our Board of Directors has recently approved the resumption of our share repurchase program, leveraging our existing $50 million authorization.
Share Repurchase Plans: We expect to begin repurchasing shares in the fourth quarter, utilizing a modest amount of our cash on hand to do so.
Negative
Quarterly Sales Performance: Total sales in the quarter were $179.1 million, with comparable sales increasing 5.7% compared to the prior year period.
SG&A Expense Increase: Adjusted SG&A expenses totaled $74.6 million in the quarter, an increase of $3.7 million versus last year.
Ancillary Expenses Overview: We incurred approximately $1.6 million in ancillary expenses in Q3.
Store Count Reduction: During Q3, we closed four stores as part of our ongoing fleet optimization effort, bringing our quarter end store count to 593.
Inventory Reduction and Refresh: Total inventory dollars at quarter-end decreased 1.7%, made up of a refreshed assortment with new and exciting offerings.
CTRN FAQs
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CTRN Earning Call Sentiment
Citi Trends, Inc. (CTRN) Q3 2024 Earnings Call Transcript
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CTRN.O
1.02%Positive
The earnings call summary shows mixed signals. Financial performance is solid with increased sales and gross margin, but guidance is cautious, and challenges like shrinkage and competitive pressures remain. The share repurchase program is a positive, but the impact of one-time costs and store closures tempers enthusiasm. Q&A reveals cautious sentiment and lack of clarity on shrinkage improvement. Overall, the stock price is likely to remain neutral in the short term.
