Citi Trends has reported sales of $179.1 million in Q3 FY24, down 0.3 per cent YoY, with 5.7 per cent growth in comparable store sales and a 39.8 per cent gross margin (+160 bps).
Net loss was $7.2 million.
For 9M FY24, sales rose 1.7 per cent YoY.
FY24 outlook includes flat to slightly declining sales, H2 EBITDA of $1.5-$4 million, and Q4 gross margin of 39-40 per cent.
Net loss was $7.2 million.
For 9M FY24, sales rose 1.7 per cent YoY.
FY24 outlook includes flat to slightly declining sales, H2 EBITDA of $1.5-$4 million, and Q4 gross margin of 39-40 per cent.
