Citi Trends Inc is a retail company that specializes in offering trendy and affordable apparel and accessories, primarily catering to urban and suburban customers
The company operates a chain of stores across the United States, providing a diverse selection of clothing, footwear, and home goods tailored to meet the needs of fashion-forward individuals looking for budget-friendly options. With a focus on delivering value and style, Citi Trends aims to create an engaging shopping experience by curating a unique assortment of merchandise that reflects current fashion trends while emphasizing inclusivity and accessibility.
Citi Trends shares rise after reporting its fourth-quarter earnings. Despite a 1.8% sales decline to $211.17 million, the company saw a 6.4% increase in comparable store sales. Citi Trends reported a 60-basis-point expansion in gross margin.
The LSEG U.S. Retail and Restaurant Q2 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a 12.7% growth over last year’s levels.
