Citi Trends Inc
For the period ended Jun 4, 2024. Filed Jun 4, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jun 4, 2024 · Filed Jun 4, 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)
| First Quarter | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Net sales | $186,289 | $179,688 | $208,215 |
| Cost of sales (exclusive of depreciation shown separately below) | (114,254) | (113,659) | (127,011) |
| Selling, general and administrative expenses | (74,211) | (70,807) | (71,026) |
| Depreciation | (4,793) | (4,681) | (5,445) |
| Gain on sale-leaseback | - | - | 34,920 |
| (Loss) Income from operations | (6,969) | (9,460) | 39,653 |
| Interest income | 849 | 1,023 | - |
| Interest expense | (79) | (75) | (76) |
| (Loss) income before income taxes | (6,199) | (8,512) | 39,577 |
| Income tax benefit (expense) | 2,773 | 1,876 | (9,374) |
| Net (loss) income | $(3,426) | $(6,635) | $30,203 |
| Basic net (loss) income per common share | $(0.42) | $(0.81) | $3.59 |
| Diluted net (loss) income per common share | $(0.42) | $(0.81) | $3.59 |
| Weighted average number of shares outstanding | |||
| Basic | 8,253 | 8,182 | 8,407 |
| Diluted | 8,253 | 8,182 | 8,407 |
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