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（納斯達克股票代碼: CTRN）股價在週二盤前交易時高位交易，此前該公司發佈了第三季度業績報告。
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.
公司報告第三季度銷售額爲17910萬美元，同比下降0.3%，超過了華爾街預期的 17850萬美元。
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.
毛利率爲39.8%，比去年同期的38.2%高，由於報價擴張和從緩解措施影響中獲得的40個點子的改善。
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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報告每股調整後虧損爲0.78美元，而非市場預期的虧損0.75美元。
The company closed four stores, ending the quarter with 593 locations.
公司關閉了四家店鋪，季末共有593家門店。
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3890萬美元的現金，沒有債務，並且沒有在 7500萬美元授信額度下借款。
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購任何股票。截至季末，股票回購計劃下仍有 5000萬美元可用。預計將在2024財年第四季度恢復股票回購活動。
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）塞佩爾爲永久CEO，自6月以來一直擔任臨時首席執行官。
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預計第四季度可比店鋪銷售額低至中單位數，總銷售額下降中單位數。
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.
該公司預計2024財年下半年銷售額持平至低單位數（之前中單位數下降），預計由於去年第53周和門店關閉的原因。
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，公司預計可比店鋪銷售額低至中單位數（之前持平或低單數字增長），與2023財年下半年相比。
Citi Trends stock has fallen over 26% year-to-date as the company struggled to clear its inventory, which has led to store closures.
由於公司難以清理庫存導致門店關閉，Citi Trends股價今年迄今已下跌超過26%。
Price Action: CTRN stock is up 7.66% at $22.35 premarket at the last check Tuesday.
股價走勢：CTRNs股價在週二最後檢查時，盤前上漲7.66%，報22.35美元。
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Image created using artificial intelligence via Midjourney.
圖像由Midjourney通過人工智能創建。
