Citi Trends Inc Down 14.32% To $22.61 After Earnings

reported that it broke-even during the quarter.

Revenues were in line at $0.00. Keep in mind that the revenues reported were on an adjusted basis, so they may not be directly comparable to estimates and prior periods.

The stock is down 14.32% to $22.61 after the report.

Citi Trends Inc's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Citi Trends Inc a Bullish Sentiment Rank from InvestorsObserver.

Citi Trends Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 88, putting Citi Trends Inc in the top 25% of stocks. The firm set a 52-week low on June 1, 2023 at $14.21 and set a 52-week high on February 2, 2023 at $34.94.

Citi Trends Inc is a retailer of urban fashion apparel and accessories in the United States. The company offers apparel, including fashion sportswear for men and women, as well as children, such as newborns, infants, toddlers, boys, and girls; accessories comprising handbags, jewelry, footwear, belts, intimate apparel, scrubs, and sleepwear; and functional and decorative home products, as well as beauty products, books, and toys.