Citi Trends Q1 Adj $(0.32) Beats $(0.35) Estimate, Sales $186.29M Miss $187.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Citi Trends (NASDAQ:CTRN) reported Q1 losses of $(0.32) per share, beating the analyst estimate of $(0.35). Sales were $186.29M, slightly missing the $187.37M estimate. Compared to last year, losses improved by 51.52% and sales increased by 3.67%.
June 04, 2024 | 10:48 am
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Citi Trends reported Q1 losses of $(0.32) per share, beating the $(0.35) estimate. Sales were $186.29M, slightly missing the $187.37M estimate. Losses improved by 51.52% YoY, and sales increased by 3.67%.
The earnings report shows a significant improvement in losses and a slight miss in sales. Beating the earnings estimate is positive, and the YoY improvement in losses and sales growth is encouraging.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100