Citi Trends Sees Preliminary Q1 Revenue Of $186.3M Vs $187.37M Est.; Comparable Sales Growth Of 3.1%, EBITDA Loss Of $0.8M
Portfolio Pulse from Benzinga Newsdesk
Citi Trends reported preliminary Q1 2024 results with total sales of $186.3 million, slightly below the estimated $187.37 million. The company saw a same-store sales increase of 3.1% but reported an EBITDA loss of $0.8 million. Further details will be discussed in an investor call on June 4th, 2024.
May 31, 2024 | 12:34 pm
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Citi Trends reported preliminary Q1 2024 results with total sales of $186.3 million, slightly below estimates. The company saw a same-store sales increase of 3.1% but reported an EBITDA loss of $0.8 million. Investors may react to the mixed results.
The preliminary results show a slight miss on revenue estimates but positive same-store sales growth. However, the EBITDA loss may concern investors. The mixed results could lead to neutral or slightly volatile stock movement until more details are provided in the investor call.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100