Citi Trends, Inc. Provides Earnings Guidance for the Fourth Quarter and Second Half of Fiscal 2022
January 09, 2023 at 11:45 am
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Citi Trends, Inc. provides earnings guidance for the fourth quarter and second half of fiscal 2022. For the fourth quarter, the company expects EPS to be in the range of $0.78 to $0.86.
For the second half of Fiscal 2022, the company expected EPS to be in the range of $3.80 to $3.88, compared to $0.73 in the second half of Fiscal 2019,. At the midpoint, this guidance represents an EPS increase of approximately 425% compared to the second half of Fiscal 2019. The company expects low single digit increase in second half total sales compared to first half total sales and expects second half operating income to be approximately in line with the second half of 2019.
Citi Trends, Inc. is a specialty retailer of apparel, accessories and home trends primarily for African American and multicultural families in the United States. The Company operates over 602 stores located in 33 states. It offers a range of merchandise, including a range of apparel for juniors, missy and women (plus size), including sportswear, outerwear, sleepwear, lingerie and scrubs; selection of apparel for men and big men, including sportswear and outerwear; an assortment of basics, fashion and trends for boys up to size 20 and girls up to size 16 and also, sizes for newborns, infants and toddlers, as well as kids uniforms and accessories; fashionable handbags, hats, belts, sunglasses, jewelry and watches for men and women, underwear and socks for the entire family, as well as 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. 
