Citi Trends Updates FY23 Sales Outlook From Low Double Digits - Mid-Teens Decline To Mid Single-Digits - Low Single-Digits Decline
Portfolio Pulse from Benzinga Newsdesk
Citi Trends has updated its FY23 sales outlook, revising the expected decline from low double digits to mid-teens to a more moderate mid single-digits to low single-digits decline.
May 23, 2023 | 10:50 am
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Citi Trends' updated FY23 sales outlook indicates a smaller decline than previously expected, which may positively impact the stock price.
Citi Trends has revised its FY23 sales outlook, indicating a smaller decline than previously expected. This update suggests that the company's performance may be better than initially anticipated, which could positively influence investor sentiment and lead to an increase in the stock price.
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