Citi Trends Expects 2024 Sales To Be Down Mid-single Digits Due To 53Rd Week Last Year And Store Closures
Portfolio Pulse from Benzinga Newsdesk
Citi Trends anticipates a mid-single digit decline in sales for 2024, attributed to the absence of a 53rd week and store closures.
August 27, 2024 | 10:53 am
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Citi Trends expects a mid-single digit decline in 2024 sales due to the absence of a 53rd week and store closures, which may negatively impact investor sentiment.
The forecasted sales decline is due to structural changes like the absence of a 53rd week and store closures, which are likely to negatively impact investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100