Citi Trends Sales Beat Estimates With Margin Gains Despite Q3 Loss
Citi Trends Sales Beat Estimates With Margin Gains Despite Q3 Loss
Citi Trends, Inc (NASDAQ:CTRN) stock is trading higher premarket Tuesday after the company reported third-quarter results.
citi trends公司（纳斯达克股票代码: CTRN）股价在周二盘前交易时高位交易，此前该公司发布了第三季度业绩报告。
The company reported quarterly sales of $179.1 million, which decreased by 0.3% year-on-year, beating the Wall Street consensus of $178.5 million.
公司报告第三季度销售额为17910万美元，同比下降0.3%，超过了华尔街预期的 17850万美元。
Gross margin stood at 39.8%, compared to 38.2% in the same period last year, due to markup expansion and a 40 basis point improvement in shrink results from the impact of mitigation efforts.
毛利率为39.8%，比去年同期的38.2%高，由于报价扩张和从缓解措施影响中获得的40个基点的改善。
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Citi Trends reported an adjusted loss per share of $(0.78), compared to the consensus loss of $(0.75).
citi trends报告每股调整后亏损为0.78美元，而非市场预期的亏损0.75美元。
The company closed four stores, ending the quarter with 593 locations.
公司关闭了四家店铺，季末共有593家门店。
Citi Trends had cash of $38.9 million at quarter-end, with no debt and no borrowings under a $75 million credit facility.
citi trends在季末有3890万美元的现金，没有债务，并且没有在 7500万美元授信额度下借款。
The company did not repurchase any shares in the third quarter. As of the end of the quarter, $50 million remained available under the share repurchase program. It expects to resume share repurchase activity in the fourth quarter of fiscal 2024.
公司在第三季度未回购任何股票。截至季末，股票回购计划下仍有 5000万美元可用。预计将在2024财年第四季度恢复股票回购活动。
On Nov. 18, Citi Trends named Kenneth (Ken) Seipel as the permanent CEO, who had been serving as interim chief since June.
Citi Trends任命肯尼斯（肯）塞佩尔为永久CEO，自6月以来一直担任临时首席执行官。
Outlook: Citi Trends expects low to mid-single-digit comparable store sales in the fourth quarter, with total sales down mid-single digits.
展望：Citi Trends预计第四季度可比店铺销售额低至中单位数，总销售额下降中单位数。
The company anticipates a flat to down low-single digits (prior mid-single-digit decline) in the second half of fiscal 2024 sales due to the 53rd week of last year and store closures.
该公司预计2024财年下半年销售额持平至低单位数（之前中单位数下降），预计由于去年第53周和门店关闭的原因。
For the second half of 2024, the company expects comparable store sales to be low to mid-single digits (prior flat or increase by low single digits) compared to the second half of fiscal 2023.
到2024年下半年，公司预计可比店铺销售额低至中单位数（之前持平或低单数字增长），与2023财年下半年相比。
Citi Trends stock has fallen over 26% year-to-date as the company struggled to clear its inventory, which has led to store closures.
由于公司难以清理库存导致门店关闭，Citi Trends股价今年迄今已下跌超过26%。
Price Action: CTRN stock is up 7.66% at $22.35 premarket at the last check Tuesday.
股价走势：CTRNs股价在周二最后检查时，盘前上涨7.66%，报22.35美元。
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Image created using artificial intelligence via Midjourney.
图像由Midjourney通过人工智能创建。