Citi Trends Shares Rise After 3Q Sales Guidance

Dow Jones

2024-11-19

By Chris Wack

Citi Trends shares were up 6% to $17.30 after the company said it expects its third-quarter sales to come in above analysts' expectations.

The Savannah, Ga., company also appointed Kenneth Seipel as its new chief executive, effective Monday.

Shares of the retail company hit their 52-week low of $13.66 on Sept. 4, and are down 29% in the past 12 months.

Seipel has been serving as interim CEO since June 1. The board also appointed Peter Sachse, the current executive chairman of the board, as chairman.

Citi Trends said it is expecting third-quarter sales of $179.1 million and comparable store sales growth of 5.7% compared with the same quarter last year. Analysts polled by FactSet are looking for sales of $178.5 million.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

November 19, 2024 10:21 ET (15:21 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Analysts polled by FactSet are looking for sales of $178.5 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 10:21 ET (15:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Trends Shares Rise After 3Q Sales Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Trends Shares Rise After 3Q Sales Guidance\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-19 23:21</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Chris Wack \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/CTRN\">Citi Trends</a> shares were up 6% to $17.30 after the company said it expects its third-quarter sales to come in above analysts' expectations. \n</p>\n<p>\n  The Savannah, Ga., company also appointed Kenneth Seipel as its new chief executive, effective Monday. \n</p>\n<p>\n  Shares of the retail company hit their 52-week low of $13.66 on Sept. 4, and are down 29% in the past 12 months. \n</p>\n<p>\n  Seipel has been serving as interim CEO since June 1. The board also appointed Peter Sachse, the current executive chairman of the board, as chairman. \n</p>\n<p>\n  Citi Trends said it is expecting third-quarter sales of $179.1 million and comparable store sales growth of 5.7% compared with the same quarter last year. Analysts polled by FactSet are looking for sales of $178.5 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 10:21 ET (15:21 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTRN","symbol_name":"Citi Trends","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484269659","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484269659","pubTimestamp":1732029660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Citi Trends shares were up 6% to $17.30 after the company said it expects its third-quarter sales to come in above analysts' expectations.The Savannah, Ga., company also appointed Kenneth Seipel as its new chief executive, effective Monday.Shares of the retail company hit their 52-week low of $13.66 on Sept. 4, and are down 29% in the past 12 months.Seipel has been serving as interim CEO since June 1. The board also appointed Peter Sachse, the current executive chairman of the board, as chairman.Citi Trends said it is expecting third-quarter sales of $179.1 million and comparable store sales growth of 5.7% compared with the same quarter last year. Analysts polled by FactSet are looking for sales of $178.5 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CTRN":"Citi Trends"},"translate_title":"花旗趋势股价在第三季度销售指引后上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTRN":1},"content_text":"By Chris Wack \n\n\n \n\n\nCiti Trends shares were up 6% to $17.30 after the company said it expects its third-quarter sales to come in above analysts' expectations. \n\n\n  The Savannah, Ga., company also appointed Kenneth Seipel as its new chief executive, effective Monday. \n\n\n  Shares of the retail company hit their 52-week low of $13.66 on Sept. 4, and are down 29% in the past 12 months. \n\n\n  Seipel has been serving as interim CEO since June 1. The board also appointed Peter Sachse, the current executive chairman of the board, as chairman. \n\n\n  Citi Trends said it is expecting third-quarter sales of $179.1 million and comparable store sales growth of 5.7% compared with the same quarter last year. Analysts polled by FactSet are looking for sales of $178.5 million. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 10:21 ET (15:21 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}