Citi Trends Stock Slides After Q4 Sales Miss, Grim Outlook
Citi Trends Inc (NASDAQ:CTRN) reported a fourth-quarter FY21 sales decline of 4.3% year-on-year, to $240.97 million, missing the consensus of $250.54 million. Total sales increased 14.2% from Q4 FY19. The comparable store sales decreased 6.2% versus last year. The gross margin of 40.4% fell 230 basis points Y/Y and expanded 70 basis points…
Benzinga ·
Benzinga
