Citi Trends Inc
For the period ended Mar 19, 2024. Filed Mar 19, 2024.
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Mar 19, 2024 · Filed Mar 19, 2024
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CTRN$45.01-14.3%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (in thousands, except per share data)
(in thousands, except per share data)
| Fourth Quarter | |||
|---|---|---|---|
| February 3, 2024 | January 28, 2023 | January 29, 2022 | |
| Net sales | $215,179 | $209,461 | $240,974 |
| Cost of sales (exclusive of depreciation shown separately below) | (130,997) | (126,681) | (143,659) |
| Selling, general and administrative expenses | (74,527) | (70,578) | (79,563) |
| Depreciation | (4,850) | (4,802) | (5,175) |
| Asset impairment | (873) | — | — |
| Income from operations | 3,931 | 7,400 | 12,577 |
| Interest income | 1,070 | 830 | 7 |
| Interest expense | (78) | (76) | (106) |
| Income before income taxes | 4,923 | 8,154 | 12,478 |
| Income tax expense | (1,372) | (1,517) | (2,639) |
| Net income | $3,551 | $6,637 | $9,839 |
| Basic net income per common share | $0.43 | $0.81 | $1.17 |
| Diluted net income per common share | $0.42 | $0.81 | $1.16 |
| Weighted average number of shares outstanding | |||
| Basic | 8,238 | 8,155 | 8,404 |
| Diluted | 8,380 | 8,155 | 8,516 |
| Fiscal Year | |||
|---|---|---|---|
| February 3, 2024 | January 28, 2023 | January 29, 2022 | |
| Net sales | $747,941 | $795,011 | $991,595 |
| Cost of sales (exclusive of depreciation shown separately below) | (462,824) | (484,022) | (584,063) |
| Selling, general and administrative expenses | (284,529) | (279,177) | (307,622) |
| Depreciation | (18,990) | (20,595) | (20,393) |
| Asset impairment | (1,051) | — | — |
| Gain on sale-leasebacks | — | 64,088 | — |
| (Loss) income from operations | (19,454) | 75,305 | 79,517 |
| Interest income | 3,874 | 1,034 | 31 |
| Interest expense | (306) | (306) | (306) |
| (Loss) income before income taxes | (15,886) | 76,033 | 79,242 |
| Income tax benefit (expense) | 3,907 | (17,141) | (17,002) |
| Net (loss) income | $(11,979) | $58,892 | $62,240 |
| Basic net (loss) income per common share | $(1.46) | $7.17 | $6.98 |
| Diluted net (loss) income per common share | $(1.46) | $7.17 | $6.91 |
| Weighted average number of shares outstanding | |||
| Basic | 8,221 | 8,216 | 8,912 |
| Diluted | 8,221 | 8,216 | 9,013 |
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