Citi Trends

Citi Trends said that Heather Plutino, executive vice president, chief financial officer and chief accounting officer, is resigning for personal reasons but will continue to carry out her duties until a successor is appointed. The company emphasized that her departure is not related to any disagreements or disputes. The announcement comes at a time when the stock fell last week, although Citi Trends recently reported strong half‑year results that beat estimates and raised the full‑year outlook. Analysts and investors, however, remain cautious about the valuation and the pace of future growth. » Mere på de.investing.com

Citi Trends reported Q2 fiscal 2026 comparable-store sales growth of 10.5% and total sales of $211.6 million, while adjusted EBITDA turned positive at $5.5 million versus a $1.1 million loss a year earlier. Management raised full-year guidance, forecasting comp-store growth of 9%–11%, adjusted EBITDA of $38 million–$42 million and gross-margin expansion of roughly 50–70 basis points. The retailer opened four stores, remodeled 26 locations in the quarter, launched the Insiders Club loyalty platform, and ended the period with $55.9 million in cash and no debt. The board approved a $100 million shelf registration and the company plans about 20 new stores and 60–65 remodels in fiscal 2026. » Mere på finance.yahoo.com

Citi Trends reported adjusted earnings of -$0.11 per share for Q2 (expectation -$0.35) and revenue of $211.6 million, with both metrics beating estimates. Same-store sales rose 10.5% (the eighth consecutive quarter) and adjusted EBITDA improved to $5.5 million. The company raised its full-year guidance for revenue, same-store growth, margin leverage and adjusted EBITDA, but cut 2026 new-store plans to about 20 locations. The stock fell roughly 6.25% in trading, reportedly due to valuations and uncertainty about the pace of future growth. » Mere på de.investing.com