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Midas Edge

Citi Trends Inc

For the period ended Nov 2, 2024. Filed Dec 11, 2024.

View on SEC.gov

About this filing

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.

Nov 2, 2024 · Filed Dec 11, 2024

CTRN$46.50+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Balance Sheets

(in thousands, except share data)

​​​​​​​​​
​ · November 2, · February 3,
​20242024
Assets​​​​​​​​
Current assets:​​​​​​​​
Cash and cash equivalents​$38,872​$79,706​​
Inventory​127,514​130,432​​
Prepaid and other current assets​13,145​10,838​​
Income tax receivable​3,581​4,123​​
Total current assets​183,112​225,099​​
Property and equipment, net of accumulated depreciation of $294,363 and $276,446 as of November 2, 2024 and February 3, 2024, respectively​48,878​56,231​​
Operating lease right of use assets​​218,899​​231,281​​
Deferred income taxes​15,301​5,105​​
Other assets​886​1,005​​
Total assets​$467,076​$518,721​​
​​​​​​​​​
Liabilities and Stockholders’ Equity​​​​​​​​
Current liabilities:​​​​​​​​
Accounts payable​$82,791​$100,366​​
Operating lease liabilities​​49,390​​45,842​​
Accrued expenses​16,106​16,466​​
Accrued compensation​9,731​6,846​​
Layaway deposits​1,548​384​​
Total current liabilities​159,566​169,904​​
Noncurrent operating lease liabilities​175,767​188,810​​
Other long-term liabilities​1,473​2,301​​
Total liabilities​336,806​361,015​​
​​​​​​​​​
Stockholders’ equity:​​​​​​​​
Common stock, $0.01 par value. Authorized 32,000,000 shares; 16,434,037 shares issued as of November 2, 2024 and 16,354,714 shares issued as of February 3, 2024; 8,630,024 shares outstanding as of November 2, 2024 and 8,550,701 shares outstanding as of February 3, 2024​162​160​​
Paid in capital​107,239​105,686​​
Retained earnings​290,080​319,071​​
Treasury stock, at cost; 7,804,013 shares held as of November 2, 2024 and February 3, 2024​(267,211)​(267,211)​​
Total stockholders’ equity​130,270​157,706​​
​​​​​​​​​
Commitments and contingencies (Note 7)​​​​​​​​
Total liabilities and stockholders’ equity​$467,076​$518,721​​
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.