Citi Trends Inc
For the period ended Nov 2, 2024. Filed Dec 11, 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.
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.
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Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · Thirteen Weeks Ended · | |||||||
| · · November 2, · · October 28, · | |||||||
| · 2024 · 2023 | |||||||
| Net sales | | $179,066 | | $179,520 | | ||
| | | | | | | | |
| Cost of sales (exclusive of depreciation) | | | (107,833) | | | (110,942) | |
| Selling, general and administrative expenses | | | (74,730) | | | (69,654) | |
| Depreciation | | | (4,755) | | | (4,749) | |
| Asset impairment | | | (574) | | | (178) | |
| Loss from operations | | | (8,826) | | | (6,003) | |
| Interest income | | | 482 | | | 894 | |
| Interest expense | | | (79) | | | (76) | |
| Loss before income taxes | | | (8,423) | | | (5,185) | |
| Income tax benefit | | | 1,271 | | | 1,322 | |
| Net loss | | $(7,152) | | $(3,863) | | ||
| | | | | | | | |
| Basic net loss per common share | | $(0.86) | | $(0.47) | | ||
| Diluted net loss per common share | | $(0.86) | | $(0.47) | | ||
| | | | | | | | |
| Weighted average number of shares outstanding | | | | | | | |
| Basic | | | 8,356 | | | 8,238 | |
| Diluted | | | 8,356 | | | 8,238 | |
Condensed Consolidated Statements of****Operations
(in thousands, except per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Thirty-Nine Weeks Ended | ||||||
| · · November 2, · · October 28, | ||||||
| · 2024 · 2023 | ||||||
| Net sales | | $541,907 | | $532,762 | ||
| | | | | | | |
| Cost of sales (exclusive of depreciation) | | | (343,710) | | | (331,827) |
| Selling, general and administrative expenses | | | (222,721) | | | (210,004) |
| Depreciation | | | (14,331) | | | (14,138) |
| Asset impairment | | | (1,835) | | | (178) |
| Loss from operations | | | (40,690) | | | (23,385) |
| Interest income | | | 1,942 | | 2,804 | |
| Interest expense | | | (238) | | (228) | |
| Loss before income taxes | | | (38,986) | | | (20,809) |
| Income tax benefit | | | 9,995 | | 5,279 | |
| Net loss | | $(28,991) | | $(15,530) | ||
| | | | | | | |
| Basic net loss per common share | | $(3.49) | | $(1.89) | ||
| Diluted net loss per common share | | $(3.49) | | $(1.89) | ||
| | | | | | | |
| Weighted average number of shares outstanding | | | | | | |
| Basic | | | 8,315 | | | 8,215 |
| Diluted | | | 8,315 | | | 8,215 |
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