Citi Trends Expecting Full Year 2024 Comparable Store Sales Growth Of Mid-single Digits, With EBITDA Planned To Be $4M-$10M
Portfolio Pulse from Benzinga Newsdesk
Citi Trends projects its full year 2024 comparable store sales to grow in the mid-single digits range, with an expected EBITDA of $4M-$10M.
March 19, 2024 | 10:56 am
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Citi Trends expects its full year 2024 comparable store sales to grow in the mid-single digits, with an EBITDA ranging from $4M to $10M.
The projection of mid-single digits growth in comparable store sales and a planned EBITDA of $4M-$10M for the full year 2024 indicates a positive outlook for Citi Trends. This growth expectation is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on the stock price. The specific figures provided for EBITDA further support the company's confidence in its financial health and operational efficiency.
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