Investment

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مدة الدورة: 1 ساعة و 41 دقائق

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Citi Trends Stock Gains

00:00:51

سعر الفيديو: 5 ریال اسبوعي

Citi Trends ($CTRN@US), apparel, accessories, and home trends retailer, reported third-quarter sales growth of 14.5% year-on-year, reaching just over $227 million and beating the analyst consensus of $220 million. The reported EPS of $1.03 beat the analyst's consensus of $0.45. Comparable store sales increased 13.1% versus last year, and operating income for the quarter rose 23.9% to $11.6 million. Quarter-end inventory increased 10.9% versus last year, and the company’s board authorized a $30 million share repurchase program. Citi Trends raised the fiscal year 2021 sales outlook to more than $1 billion and shares are trading higher by .71% at $83.50 in premarket this morning. Headquartered in Savannah, Georgia, Citi Trends operates more than 600 stores in 33 states.

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