Citi Trends Reports Preliminary Q3 Results Above Prior Outlook; Preliminary Total Sales $179.1M (Est $178.651M), Comparable Store Sales Increase 5.7%
Citi Trends Reports Preliminary Q3 Results Above Prior Outlook; Preliminary Total Sales $179.1M (Est $178.651M), Comparable Store Sales Increase 5.7%
More details will be provided with the Company's Q3 earnings release on December 3, 2024.Q3 sales results are expected to be above the Company's previous outlook of second half comparable store sales results flat to up low single digits compared to prior year.
预计Q3销售业绩将超过公司先前预期的上半年相对不变或略有增长的可比店铺销售业绩，与去年同期相比，增长幅度将为单个数字。
Gross margin for Q3 2024 is expected to be 39.8%, an increase of 160 basis points compared to Q3 2023. Sales and gross margin results are due to improved product, better allocation methods and increased customer traffic.
预计Q3 2024年的毛利率为39.8％，较Q3 2023年增加了160个基点。销售和毛利率的结果有赖于改进的产品、更好的分配方法和增加的客流量。
Q3 2024 Adjusted EBITDA is expected to be a loss of $3.3 million, which includes strategic costs for in-depth customer and market research and costs to improve operational processes.
预计Q3 2024年调整后的EBITDA将亏损330万美元，其中包括用于深入客户和市场研究的战略成本，以及用于改善运营流程的成本。
More details will be provided with the Company's Q3 earnings release on December 3, 2024.
更多详细信息将在2024年12月3日公司Q3盈利发布会上提供。
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