Citi Trends Q2 Adj EPS $(0.60) Beats $(0.97) Estimate, Sales $173.55M Beat $165.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Citi Trends (NASDAQ:CTRN) reported Q2 losses of $(0.60) per share, beating the analyst consensus estimate of $(0.97) by 38.14%. This is a 93.55% decrease over losses of $(0.31) per share from the same period last year. The company also reported quarterly sales of $173.55 million, beating the analyst consensus estimate of $165.57 million by 4.82%. This is a 6.19% decrease over sales of $185.01 million the same period last year.
August 22, 2023 | 10:46 am
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Citi Trends reported better than expected Q2 results, but both earnings and sales decreased compared to the same period last year.
While Citi Trends beat analyst estimates for Q2, the company reported a decrease in both earnings and sales compared to the same period last year. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100