Citi Trends, Inc. Reaffirms Earnings Guidance for the Fourth Quarter and Fiscal Year 2023
January 08, 2024 at 12:15 pm
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Citi Trends, Inc. reaffirmed earnings guidance for the fourth quarter and fiscal year 2023. for the quarter, the company expects implied fourth quarter total sales are expected to be approximately flat to up low-single digits vs. fourth quarter of 2022 with comp store sales now expected to be in the range of down low-single digits to flat to last year
For the year, the company expects total sales to be down mid-single digits as compared to fiscal 2022.
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. 
