Citi Trends ( (CTRN) ) has released its Q3 earnings. Here is a breakdown of the information Citi Trends presented to its investors.
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Citi Trends, Inc. is a prominent off-price value retailer specializing in apparel, accessories, and home trends, primarily catering to African American families across the United States. The company operates 593 stores in 33 states, offering a wide range of products at competitive prices.
In its third quarter fiscal 2025 earnings report, Citi Trends announced a total sales increase to $197.1 million, marking a 10.8% growth in comparable store sales. This performance highlights the company’s successful back-to-school season and strategic transformation efforts, which have led to a year-to-date sales total of $589.6 million.
Key financial metrics reveal a gross margin of 38.9% and an adjusted EBITDA loss of $2.9 million, a slight improvement from the previous year. The company also reported a net loss of $6.9 million, with strategic investments in store remodels and openings contributing to this figure. Notably, Citi Trends ended the quarter with $51.1 million in cash and no debt, underscoring its strong financial position.
Looking ahead, Citi Trends has raised its fiscal 2025 guidance, expecting high-single-digit growth in comparable store sales and a significant improvement in EBITDA. The company remains focused on enhancing operational processes and capturing growth opportunities, aiming for substantial shareholder value creation in the coming years.