Citi Trends Logs 4Q Loss As Sales Fall

Dow Jones

18 Mar

By Adriano Marchese

Citi Trends reported a loss in the fiscal fourth quarter as sales declined.

The discount clothing chain on Tuesday posted a net loss of $14.2 million, or $1.71 a share, compared with a profit of $3.6 million, or 42 cents a share, in the same quarter a year earlier.

The company noted that the results for this 13-week quarter compared with the 14-week period of the prior year's fourth quarter.

Sales fell to 1.9% $211.2 million. In December, the company guided for a decline in the mid-single digits. Comparable-store sales saw growth of 6.4% while average store inventory decreased by 6.7%, driven by stronger customer traffic and shoppers buying more during each visit.

The company had guided for comparable-store sales to rise in the low- to mid-single digits.

During the quarter, Citi closed two of its stores to end the year with 591 locations in its network.

Looking ahead to the full year, Citi expects comparable-store sales growth of low- to mid-single digits. Adjusted earnings before interest, taxes, depreciation and amortization are forecasted at $5 million to $9 million, up from an adjusted Ebitda loss of $14.2 million in 2024.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 18, 2025 07:15 ET (11:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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In December, the company guided for a decline in the mid-single digits. Comparable-store sales saw growth of 6.4% while average store inventory decreased by 6.7%, driven by stronger customer traffic and shoppers buying more during each visit. \n</p>\n<p>\n  The company had guided for comparable-store sales to rise in the low- to mid-single digits. \n</p>\n<p>\n  During the quarter, Citi closed two of its stores to end the year with 591 locations in its network. \n</p>\n<p>\n  Looking ahead to the full year, Citi expects comparable-store sales growth of low- to mid-single digits. Adjusted earnings before interest, taxes, depreciation and amortization are forecasted at $5 million to $9 million, up from an adjusted Ebitda loss of $14.2 million in 2024. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 18, 2025 07:15 ET (11:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\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":"2520626398","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520626398","pubTimestamp":1742296500,"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 reported a loss in the fiscal fourth quarter as sales declined.The discount clothing chain on Tuesday posted a net loss of $14.2 million, or $1.71 a share, compared with a profit of $3.6 million, or 42 cents a share, in the same quarter a year earlier.The company noted that the results for this 13-week quarter compared with the 14-week period of the prior year's fourth quarter.Sales fell to 1.9% $211.2 million. In December, the company guided for a decline in the mid-single digits. Comparable-store sales saw growth of 6.4% while average store inventory decreased by 6.7%, driven by stronger customer traffic and shoppers buying more during each visit.The company had guided for comparable-store sales to rise in the low- to mid-single digits.During the quarter, Citi closed two of its stores to end the year with 591 locations in its network.Looking ahead to the full year, Citi expects comparable-store sales growth of low- to mid-single digits. Adjusted earnings before interest, ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CTRN":"Citi Trends"},"translate_title":"由于销售额下降，花旗趋势第四季度亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTRN":1},"content_text":"By Adriano Marchese \n\n\n \n\n\nCiti Trends reported a loss in the fiscal fourth quarter as sales declined. \n\n\n  The discount clothing chain on Tuesday posted a net loss of $14.2 million, or $1.71 a share, compared with a profit of $3.6 million, or 42 cents a share, in the same quarter a year earlier. \n\n\n  The company noted that the results for this 13-week quarter compared with the 14-week period of the prior year's fourth quarter. \n\n\n  Sales fell to 1.9% $211.2 million. In December, the company guided for a decline in the mid-single digits. Comparable-store sales saw growth of 6.4% while average store inventory decreased by 6.7%, driven by stronger customer traffic and shoppers buying more during each visit. \n\n\n  The company had guided for comparable-store sales to rise in the low- to mid-single digits. \n\n\n  During the quarter, Citi closed two of its stores to end the year with 591 locations in its network. \n\n\n  Looking ahead to the full year, Citi expects comparable-store sales growth of low- to mid-single digits. 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