Citi Trends Q4 Adjusted EPS $0.53 Misses $0.79 Estimate, Sales $215.18M Miss $216.32M Estimate
Portfolio Pulse from Benzinga Newsdesk
Citi Trends reported Q4 adjusted EPS of $0.53, missing the $0.79 estimate, and sales of $215.18M, slightly below the $216.32M estimate. This represents a decrease in earnings and a slight increase in sales compared to the same period last year.
March 19, 2024 | 10:52 am
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Citi Trends reported a significant miss in Q4 adjusted EPS and a slight miss in sales compared to analyst estimates, indicating a decrease in profitability and slower growth.
The miss in both earnings per share and sales compared to analyst estimates suggests a decrease in profitability and slower growth, which could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100