Citi Trends Inc

For the period ended Aug 2, 2025. Filed Sep 10, 2025.

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.

Aug 2, 2025 · Filed Sep 10, 2025

CTRN$45.56-2.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(in thousands)


· · Twenty-Six Weeks Ended ·
· · August 2, · · August 3, ·
· 2025 · 2024
Operating activities:
Net income (loss)	$4,689	$(21,839)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	8,918	9,576
Asset impairment	327	1,261
Non-cash operating lease costs	24,340	24,605
Loss on disposal of property and equipment	158	18
Deferred income taxes	—	(8,610)
Non-cash stock-based compensation expense	2,451	1,578
Gain on sale of building	(10,960)	—
Changes in assets and liabilities:
Inventory	5,074	(4,564)
Prepaid and other current assets	(9,419)	(6,084)
Other assets	(416)	85
Accounts payable	(7,125)	10,030
Accrued expenses and other long-term liabilities	(29,602)	(21,865)
Accrued compensation	1,996	878
Income tax receivable/payable	1,513	227
Layaway deposits	942	708
Net cash used in operating activities	(7,114)	(13,996)
Investing activities:
Purchases of property and equipment	(7,705)	(5,552)
Proceeds from sale of building	11,206	—
Net cash provided by (used in) investing activities	3,501	(5,552)
Financing activities:
Cash used to settle withholding taxes on the vesting of nonvested restricted stock	(760)	(856)
Repurchases of common stock	(6,315)	—
Net cash used in financing activities	(7,075)	(856)
Net decrease in cash and cash equivalents	(10,688)	(20,404)
Cash and cash equivalents:
Beginning of period	61,085	79,706
End of period	$50,397	$59,302

Supplemental disclosures of cash flow information:
Cash paid for interest	$98	$83
Cash refunds of income taxes	$(1,453)	$(341)
Supplemental disclosures of non-cash investing activities:
Accrual for purchases of property and equipment	$1,688	$214

Condensed Consolidated Statements of Stockholders**’**** Equity**

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.