Consistent Sales Growth
Citi Trends reported a fourth consecutive quarter of mid to high single-digit comparable sales growth, achieving 9.2% in Q2 and 9.6% year-to-date year-over-year comp growth.
Gross Margin Improvement
Achieved a 40% gross margin rate in Q2, the highest since fiscal 2021, marking an 890 basis point expansion versus Q2 last year.
Inventory Optimization
In-store inventory decreased by 5.7% compared to last year while supporting a 9.2% comp growth, reflecting improved inventory efficiency.
Updated 2025 Outlook
Citi Trends increased its full-year guidance, now expecting mid to high single-digit comp store sales growth and full-year EBITDA in the range of $7 million to $11 million.
Expansion and Remodel Strategy
Plans to remodel approximately 60 locations in 2025 and expand square footage by mid-single digits annually, with a goal of achieving $40 million or more in EBITDA by 2027.