Citi Trends Announces Election of Ken Seipel as Chairman of the Board and Refresh of Board of Directors |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States, today announced that its Board of Directors (the “Board”) has elected Kenneth (Ken) Seipel, the Company's Chief Executive Officer and a member of the Board, as Chairman of the Board, effective April 2, 2025. The Board unanimously voted to elect Mr. Seipel to the. |
businesswire.com |
2025-03-27 10:45:00 |
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Citi Trends: Turnaround Continues, But The Stock Price Is Unattractive |
Citi Trends shows improvement with strong comparable sales and gross margin expansion but struggles with SG&A leverage, guiding for breakeven operating income in FY25. The company's strategic initiatives focus on merchandising efficiency, including off-price merchandise and AI-driven product allocation, contributing to gross margin gains. Despite positive guidance and momentum, ongoing SG&A pressures hinder operational leverage, making CTRN stock unattractive until sustainable profitability is demonstrated. |
seekingalpha.com |
2025-03-18 23:16:48 |
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Citi Trends, Inc. (CTRN) Q4 2024 Earnings Call Transcript |
Citi Trends, Inc. (NASDAQ:CTRN ) Q4 2024 Earnings Conference Call March 18, 2025 9:00 AM ET Company Participants Nitza McKee - Investor Relations, ICR Ken Seipel - Chief Executive Officer Heather Plutino - Chief Financial Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Michael Baker - D.A. Davidson Operator Greetings. |
seekingalpha.com |
2025-03-18 12:40:59 |
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Citi Trends Announces Fourth Quarter and Fiscal 2024 Results |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading off-price value retailer of apparel, accessories and home trends primarily for African American families in the United States, today reported results for the 13-week fourth quarter and 52-week full year ended February 1, 2025. For purposes of comparison, unless otherwise stated, metrics in this release are compared to the 14-week fourth quarter and 53-week full year ended February 3, 2024. Financial Highlights – Fourth. |
businesswire.com |
2025-03-18 08:45:00 |
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Citi Trends Sets Date for Fourth Quarter and Full Year 2024 Earnings Release and Conference Call |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the fourth quarter and full year 2024 before the market opens on Tuesday, March 18, 2025. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on March 18, 2025, beginning at 9:00 a.m. ET. The online replay. |
businesswire.com |
2025-03-04 08:45:00 |
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SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Citi Trends, Inc. (NASDAQ: CTRN) |
NEW YORK , Jan. 27, 2025 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Citi Trends, Inc. (NASDAQ: CTRN) on behalf of the company's shareholders. The investigation seeks to determine whether Citi Trends's directors breached their fiduciary duties in connection with recent corporate actions. |
prnewswire.com |
2025-01-27 11:40:00 |
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Citi Trends Announces 2024 Holiday Sales Results for Quarter-to-Date Through January 4, 2025 |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 4, 2025 of $174.4 million compared to $169.0 million in the same period in 2023. Comparable store sales, calculated on a shifted 9-week to 9-week. |
businesswire.com |
2025-01-13 08:45:00 |
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Citi Trends to Present at 2025 ICR Conference |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced that the Company will be presenting at the 2025 ICR Conference on Monday, January 13, 2025 at 11:30 a.m. ET. The Company will be represented at the conference by Ken Seipel, Chief Executive Officer and Heather Plutino, Chief Financial Officer. |
businesswire.com |
2025-01-07 19:13:00 |
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Citi Trends: Impressive Q3, But The Stock Has Discounted A Full Turnaround |
Citi Trends, Inc. reported Q3 2024 comparable sales growth of 5.7%, driven by improved product assortment, but margins remained pressured due to strategic investments and calendar shifts. Despite a 70% stock rally post Q2 '24, the market cap near $200 million makes the stock less attractive, even with potential profitability recovery. Management aims for pre-pandemic EBITDA margins and plans store expansion by late 2025, with $50 million stock repurchase authorization signaling confidence. |
seekingalpha.com |
2024-12-03 18:25:23 |
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Citi Trends, Inc. (CTRN) Q3 2024 Earnings Call Transcript |
Citi Trends, Inc. (NASDAQ:CTRN ) Q3 2024 Earnings Conference Call December 3, 2024 9:00 AM ET Company Participants Cody McAllister - ICR Ken Seipel - CEO Heather Plutino - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Capital Group Michael Baker - D.A. Davidson Operator Greetings. |
seekingalpha.com |
2024-12-03 13:36:50 |
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Citi Trends Announces Third Quarter Fiscal 2024 Results |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the third quarter ended November 2, 2024. Financial Highlights – Third Quarter 2024 Total sales of $179.1 million decreased 0.3% vs. Q3 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 5.7% c. |
businesswire.com |
2024-12-03 08:45:00 |
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Citi Trends Announces CEO Appointment and Q3 Comparable Store Sales Above Guidance |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends Inc. (NASDAQ: CTRN) today announced the Board of Directors has appointed Kenneth (Ken) Seipel as Chief Executive Officer, effective November 18, 2024. Mr. Seipel has been serving as the Interim CEO of Citi Trends since June 1, 2024, and on the Board of Directors since 2019. Concurrently, the Board appointed Peter Sachse, the current Executive Chairman of the Board, as Chairman of the Board. In addition, the Company is announcing preliminary Q3 2024 re. |
businesswire.com |
2024-11-19 08:46:00 |
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Citi Trends Sets Date for Third Quarter 2024 Earnings Release and Conference Call |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the third quarter 2024 before the market opens on Tuesday, December 3, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on December 3, 2024, beginning at 9:00 a.m. ET. The online replay will follo. |
businesswire.com |
2024-11-19 08:45:00 |
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Citi Trends Is Now A Binary Play On Its Going Concern. Not An Opportunity, But Approaching It |
Citi Trends' 2Q24 results were disappointing, with significant operational losses, inventory markdowns, and decelerating comparable revenues, raising concerns about the company's viability. The stock has lost 50% since February 2024, reflecting a 50% or higher chance of the company never recovering, making it a speculative play. The new CEO's strategies focus on improving product assortment, but results are yet to be seen, and costs have increased. |
seekingalpha.com |
2024-08-28 11:28:57 |
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Citi Trends, Inc. (CTRN) Q2 2024 Earnings Call Transcript |
Citi Trends, Inc. (NASDAQ:CTRN ) Q2 2024 Earnings Call Transcript August 27, 2024 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR Ken Seipel - Interim CEO Heather Plutino - CFO Conference Call Participants Michael Baker - D.A. Davidson John Lawrence - The Benchmark Company Jeremy Hamblin - Craig-Hallum Operator Greetings. |
seekingalpha.com |
2024-08-27 15:26:06 |
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Recent Insider Buying Is Focused on These 5 Stocks |
24/7 Insights With the new quarter begun and second-quarter earnings reports starting to come in, insider buying has slowed to a trickle. |
247wallst.com |
2024-07-21 13:15:17 |
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Citi Trends, Inc. (CTRN) Q1 2024 Earnings Call Transcript |
Citi Trends, Inc. (NASDAQ:CTRN ) Q1 2024 Earnings Conference Call June 4, 2024 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR Ken Seipel - Interim CEO Heather Plutino - CFO Conference Call Participants Michael Baker - D.A. Davidson Jeremy Hamblin - Craig-Hallum Capital Group John Lawrence - Benchmark Operator Greetings, and welcome to the Citi Trends First Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2024-06-04 15:56:03 |
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Citi Trends Announces First Quarter Fiscal 2024 Results |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the first quarter ended May 4, 2024. Financial Highlights – First Quarter 2024 Total sales of $186.3 million increased 3.7% vs. Q1 2023; comparable store sales, calculated on a shifted 13-week to 13-week basis, increased 3.1% compar. |
businesswire.com |
2024-06-04 10:45:00 |
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Citi Trends Announces Leadership Transition |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced that its Board of Directors (the “Board”) has appointed Ken Seipel as the Company's interim Chief Executive Officer (“CEO”), effective June 2, 2024. In connection with the appointment, David Makuen has stepped. |
businesswire.com |
2024-05-31 12:30:00 |
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Citi Trends Sets Date for First Quarter 2024 Earnings Release and Conference Call |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the first quarter 2024 before the market opens on Tuesday, June 4, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. A live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, on June 4, 2024, beginning at 9:00 a.m. ET. The online replay will follow shortl. |
businesswire.com |
2024-05-21 10:45:00 |
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Stellantis, Other Beneficial Owners Love These 7 Stocks |
Beneficial owners, including giant automaker Stellantis, portfolio managers, and an activist investor, have bolstered their stakes with huge insider purchases reported in the past week. |
247wallst.com |
2024-03-24 11:10:17 |
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Citi Trends, Inc. (CTRN) Q4 2023 Earnings Call Transcript |
Citi Trends, Inc. (CTRN) Q4 2023 Earnings Call Transcript |
seekingalpha.com |
2024-03-19 13:43:08 |
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Citi Trends Announces Fourth Quarter and Fiscal 2023 Results |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today reported results for the fourth quarter and full year ended February 3, 2024, both of which included an additional week as compared to the comparable prior year periods. Financial Highlights – Fourth Quarter 2023 Total sales of $215.2 million increased. |
businesswire.com |
2024-03-19 08:45:00 |
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Buffett Loads Up on This Stock Again, Plus CEO Insider Buying |
In the wake of a media giant's quarterly report, the Oracle of Omaha is again bolstering his stake in the tracking stocks with some huge insider purchases. |
247wallst.com |
2024-03-10 11:50:30 |
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Citi Trends Sets Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) today announced plans to release its earnings for the fourth quarter and full year 2023 before the market opens on Tuesday, March 19, 2024. Citi Trends will host a conference call on the same day at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2921. A telephonic replay of the conference call will be available until March 28, 2023, by dialing (800) 633-8284 and entering the passcode, 2202902. |
businesswire.com |
2024-03-05 08:45:00 |
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Citi Trends Announces Refresh of Board of Directors |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or the “Company”), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced that it will nominate three new independent directors—David Heath, Charles Liu and Michael Kvitko—for election to the Company's Board of Directors (the “Board”) at the 2024 Annual Meeting of Stockholders (the “. |
businesswire.com |
2024-02-29 10:30:00 |
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Gold at $3,000 and oil at $100 by 2025? Citi analysts don't rule it out |
There's an off chance that gold prices could soar to $3,000 per ounce, and oil to surge to $100 per barrel within the next 12 to 18 months, says Citi. |
cnbc.com |
2024-02-19 22:38:38 |
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Citi Trends Announces 2023 Holiday Sales Results for Quarter-to-date Through January 6, 2024 |
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States, today announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 6, 2024 of $179.5 million compared to $181.9 million in the same period in 2022. Comparable store sales for the quarter-to-date period ending Jan. |
businesswire.com |
2024-01-08 09:15:00 |
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