Citi Trends Q3 Adj. EPS $(0.56) Down From $0.24 YoY, Sales $179.52M Down From $192.32M YoY
Portfolio Pulse from Benzinga Newsdesk
Citi Trends reported a significant decline in Q3 adjusted earnings per share (EPS) to $(0.56) from $0.24 year-over-year (YoY), and a 6.66% decrease in sales to $179.52M from $192.32M YoY.
November 28, 2023 | 11:47 am
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Citi Trends experienced a sharp decline in Q3 adjusted EPS and a decrease in sales compared to the same period last year.
The reported decrease in both adjusted EPS and sales indicates a significant underperformance by Citi Trends compared to the previous year. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100