Citi Trends Q2 2024 GAAP EPS $(2.21) May Not Be Comparable To $(0.60) Estimate, Sales $176.552M Miss $179.125M Estimate
Portfolio Pulse from Benzinga Newsdesk
Citi Trends reported a Q2 2024 GAAP EPS of $(2.21), which may not be comparable to the estimated $(0.60). The company's sales were $176.552 million, missing the $179.125 million estimate.
August 27, 2024 | 10:47 am
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Citi Trends reported a Q2 2024 GAAP EPS of $(2.21), which may not be comparable to the estimated $(0.60). The company's sales were $176.552 million, missing the $179.125 million estimate.
Citi Trends' Q2 2024 earnings per share were significantly lower than the estimate, and sales also missed expectations. This underperformance is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100