Citi Trends Inc
For the period ended May 4, 2024. Filed Jun 12, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 4, 2024 · Filed Jun 12, 2024
CTRN$46.50+3.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
** (Unaudited)**
(in thousands, except share data)
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| · May 4, · February 3, | ||||||||
| | 2024 | 2024 | ||||||
| Assets | | | | | | | | |
| Current assets: | | | | | | | | |
| Cash and cash equivalents | | $58,169 | | $79,706 | | | ||
| Inventory | | 119,014 | | 130,432 | | | ||
| Prepaid and other current assets | | 14,002 | | 10,838 | | | ||
| Income tax receivable | | 3,813 | | 4,123 | | | ||
| Total current assets | | 194,998 | | 225,099 | | | ||
| Property and equipment, net of accumulated depreciation of $288,437 and $276,446 as of May 4, 2024 and February 3, 2024, respectively | | 53,352 | | 56,231 | | | ||
| Operating lease right of use assets | | | 226,918 | | | 231,281 | | |
| Deferred income taxes | | 7,877 | | 5,105 | | | ||
| Other assets | | 957 | | 1,005 | | | ||
| Total assets | | $484,102 | | $518,721 | | | ||
| | | | | | | | | |
| Liabilities and Stockholders’ Equity | | | | | | | | |
| Current liabilities: | | | | | | | | |
| Accounts payable | | $72,269 | | $100,366 | | | ||
| Operating lease liabilities | | | 45,428 | | | 45,842 | | |
| Accrued expenses | | 15,191 | | 16,466 | | | ||
| Accrued compensation | | 9,245 | | 6,846 | | | ||
| Layaway deposits | | 843 | | 384 | | | ||
| Total current liabilities | | 142,976 | | 169,904 | | | ||
| Noncurrent operating lease liabilities | | 184,463 | | 188,810 | | | ||
| Other long-term liabilities | | 1,831 | | 2,301 | | | ||
| Total liabilities | | 329,270 | | 361,015 | | | ||
| | | | | | | | | |
| Stockholders’ equity: | | | | | | | | |
| Common stock, $0.01 par value. Authorized 32,000,000 shares; 16,340,729 shares issued as of May 4, 2024 and 16,354,714 shares issued as of February 3, 2024; 8,536,716 shares outstanding as of May 4, 2024 and 8,550,701 shares outstanding as of February 3, 2024 | | 161 | | 160 | | | ||
| Paid in capital | | 106,237 | | 105,686 | | | ||
| Retained earnings | | 315,645 | | 319,071 | | | ||
| Treasury stock, at cost; 7,804,013 shares held as of May 4, 2024 and February 3, 2024 | | (267,211) | | (267,211) | | | ||
| Total stockholders’ equity | | 154,832 | | 157,706 | | | ||
| | | | | | | | | |
| Commitments and contingencies (Note 6) | | | | | | | | |
| Total liabilities and stockholders’ equity | | $484,102 | | $518,721 | | | ||
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