Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €48.20, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 196% over the past three years. Reported Earnings • Jun 02
First quarter 2027 earnings released: EPS: US$0.95 (vs US$0.11 in 1Q 2026) First quarter 2027 results: EPS: US$0.95 (up from US$0.11 in 1Q 2026). Revenue: US$230.9m (up 14% from 1Q 2026). Net income: US$7.75m (up US$6.88m from 1Q 2026). Profit margin: 3.4% (up from 0.4% in 1Q 2026). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Announcement • Jun 02
Citi Trends, Inc. Reaffirms Earnings Guidance for the Fiscal 2026 Citi Trends, Inc. reaffirmed Earnings guidance for the fiscal 2026. For the year, the company expects total sales growth is expected to be 9% to 11% for the year. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €37.40, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 167% over the past three years. New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€80k sold). Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ben Faw was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 20
Citi Trends, Inc. to Report Q1, 2027 Results on Jun 02, 2026 Citi Trends, Inc. announced that they will report Q1, 2027 results Pre-Market on Jun 02, 2026 Announcement • Apr 16
Citi Trends, Inc., Annual General Meeting, Jun 10, 2026 Citi Trends, Inc., Annual General Meeting, Jun 10, 2026. Announcement • Mar 17
Citi Trends, Inc. Provides Financial Guidance for the Fiscal 2026 Citi Trends, Inc. provided financial guidance for the fiscal 2026. For the year, the company expects total sales growth of 6% to 8% compared to fiscal 2025. Announcement • Mar 03
Citi Trends, Inc. to Report Fiscal Year 2026 Results on Mar 17, 2026 Citi Trends, Inc. announced that they will report fiscal year 2026 results Pre-Market on Mar 17, 2026 Announcement • Nov 18
Citi Trends, Inc. to Report Q3, 2026 Results on Dec 02, 2025 Citi Trends, Inc. announced that they will report Q3, 2026 results at 9:30 AM, US Eastern Standard Time on Dec 02, 2025 Announcement • Aug 26
Citi Trends, Inc. Updates Earnings Guidance for the Full Year 2025 Citi Trends, Inc. updated earnings guidance for the full year 2025. For the full year, the company Expects comparable store sales growth of mid to high-single digits, above previous outlook of mid-single digit growth. Announcement • Aug 12
Citi Trends, Inc. to Report Q2, 2026 Results on Aug 26, 2025 Citi Trends, Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 26, 2025 Announcement • Jun 03
Citi Trends, Inc. Updates Financial Guidance for Fiscal 2025 Citi Trends, Inc. updated fiscal 2025 outlook. Expecting full year comparable store sales growth of mid-single digits, at the high end of previous outlook of low to mid-single digit growth. Announcement • May 20
Citi Trends, Inc. to Report Q1, 2026 Results on Jun 03, 2025 Citi Trends, Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 03, 2025 Announcement • Apr 28
Citi Trends, Inc., Annual General Meeting, Jun 05, 2025 Citi Trends, Inc., Annual General Meeting, Jun 05, 2025. Announcement • Mar 27
Citi Trends, Inc. Announces Board and Committee Changes, Effective April 2, 2025 Citi Trends, Inc. 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 newly combined role, recognizing his extensive leadership experience and deep understanding of the Company’s operations. Additionally, the Board appointed David Heath to serve as the Lead Independent Director effective April 2, 2025. Additionally, Citi Trends announced the retirement of Peter Sachse from the Board, effective as of April 2, 2025. Mr. Sachse has served Citi Trends in multiple capacities since 2019, including as Interim Chief Executive Officer, Executive Chairman of the Board, and most recently as the Chairman of the Board. The Board also announced the planned retirement of Jonathan Duskin, the Lead Independent Director, Chair of the Board’s Finance Committee and Audit Committee, and a member of the Board’s Compensation Committee, effective as of April 2, 2025. Mr. Duskin, who joined the Board in 2017, will assist with the transitions by serving as a consultant to the Company until September 25, 2025. In addition, Citi Trends announced that it will appoint two new directors—Wesley Calvert and Pamela Edwards—to the Board in connection with the Amended and Restated Cooperation Agreement (the “Agreement”) between the Company and Fund 1 Investments, LLC (“Fund 1”). Under the Agreement, Mr. Calvert will be appointed Chair of the Board’s Finance Committee. Ms. Edwards will be appointed Chair of the Board’s Audit Committee. Following the conclusion of the Company’s 2025 annual meeting of stockholders, the Board will be capped at eight directors for the duration of the Agreement. Announcement • Mar 18
Citi Trends, Inc. Provides Financial Guidance for the First Quarter and Full Year of Fiscal 2025 Citi Trends, Inc. provides financial guidance for the first quarter and full year of fiscal 2025. For the quarter, the company expects mid-single digit comparable store sales momentum.
For the full year, the company expects comparable store sales growth of low to mid-single digits. Announcement • Mar 04
Citi Trends, Inc. to Report Q4, 2025 Results on Mar 18, 2025 Citi Trends, Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 18, 2025 Announcement • Jan 24
Citi Trends, Inc. Announces Leaving of Vivek Bhargava, Senior Vice President of Supply Chain On January 21, 2025, Citi Trends, Inc. announced that Vivek Bhargava, Senior Vice President of Supply Chain, is leaving the Company, effective January 21, 2025. Mr. Bhargava’s departure was not the result of any disagreement with the Company. Announcement • Jan 13
Citi Trends, Inc. Reaffirms Financial Guidance for the Second Half of Fiscal 2024 Citi Trends, Inc. reaffirmed financial guidance for the second half of fiscal 2024. The company is expecting second half comparable store sales to be up low to mid-single digits compared to the second half of fiscal 2023 vs. prior outlook of flat to up low single digits; total sales expected to be flat to down low-single digits due to the 53 week last year and store closures. Announcement • Dec 03
Citi Trends, Inc. Updates Financial Guidance for the Second Half of Fiscal 2024 Citi Trends, Inc. updated financial guidance for the second half of fiscal 2024. The company is expecting second half comparable store sales to be up low to mid-single digits compared to the second half of fiscal 2023 vs. prior outlook of flat to up low single digits; total sales expected to be flat to down low-single digits due to the 53 week last year and store closures. Announcement • Nov 20
Citi Trends, Inc. Appoints Kenneth (Ken) Seipel as Chief Executive Officer Citi Trends Inc. 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. Ken is a Senior Retail Executive with experience in public and private equity backed ownership companies along with Fortune 500 retail company background. A seasoned, multi-functional general manager /leader, with experience in large scale growth, concept development, expansion and business turn-around, Ken most recently served as Interim CEO of Citi Trends and as a member of the Board of Directors of Citi Trends since 2019 serving as the Chairman of the Nominating and Corporate Governance Committee, and member of the Audit and Finance Committee. From 2018 to 2021, Ken served as CEO and co-owner of West Marine, the world’s largest retailer of boating supplies. Ken led a highly successful business turn around leading to a successful transaction, and an over six times return on investment for shareholders. From 2013 through March 2017, Ken served as CEO of Gabriel Brothers Inc. AKA "Gabe's". Under Ken's leadership, the company’s business strategies resulted in a private transaction valued at three times investment. In 2011 and 2012, Ken served as President and COO of Wet Seal Inc. where he stabilized the volatile business, restored cash to the balance sheet, optimized real estate and reduced working capital needs. In late 2009 and 2010, Ken served as Chief Restructuring Officer and Interim CEO at Pamida Stores. Following his business turn around strategies to restore profit and the balance sheet, Pamida was merged as a growth strategy for another retail holding. Prior to 2009, Ken served as the EVP of Operations for North America, at the Old Navy division of Gap, Inc., leading the concept through a time of explosive growth to $7B and over 1,000 stores when the brand developed into the value specialty brand known today. Ken began his career with JCPenney in operations and merchandise buying, in the mid 90's with Target as a leader on the Supercenter development team and later was head of stores and acquisitions for Shopko. Announcement • Nov 19
Citi Trends, Inc. to Report Q3, 2025 Results on Dec 03, 2024 Citi Trends, Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 03, 2024 Recent Insider Transactions • Sep 01
Interim CEO & Director recently bought €323k worth of stock On the 28th of August, Kenneth Seipel bought around 25k shares on-market at roughly €12.93 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €3.8m. Kenneth has been a buyer over the last 12 months, purchasing a net total of €4.1m worth in shares. Reported Earnings • Aug 28
Second quarter 2025 earnings released: US$2.21 loss per share (vs US$0.61 loss in 2Q 2024) Second quarter 2025 results: US$2.21 loss per share (further deteriorated from US$0.61 loss in 2Q 2024). Revenue: US$176.6m (up 1.7% from 2Q 2024). Net loss: US$18.4m (loss widened 266% from 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Announcement • Aug 27
Citi Trends, Inc. Provides Earnings Guidance for the Second Half of 2024 Citi Trends, Inc. provided earnings guidance for the second half of 2024. The company expecting second half comparable store sales to be flat to up low-single digits compared to second half of fiscal 2023; total sales expected to be down mid-single digits due to the 53rdweek last year and store closures. Announcement • Aug 13
Citi Trends, Inc. to Report Q2, 2025 Results on Aug 27, 2024 Citi Trends, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 27, 2024 New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Recent Insider Transactions • Jul 14
Interim CEO & Director recently bought €4.9m worth of stock On the 12th of July, Kenneth Seipel bought around 283k shares on-market at roughly €17.45 per share. This transaction increased Kenneth's direct individual holding by 8x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Reported Earnings • Jun 05
First quarter 2025 earnings released: US$0.41 loss per share (vs US$0.81 loss in 1Q 2024) First quarter 2025 results: US$0.41 loss per share (improved from US$0.81 loss in 1Q 2024). Revenue: US$186.3m (up 3.7% from 1Q 2024). Net loss: US$3.43m (loss narrowed 48% from 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Announcement • Jun 05
Citi Trends, Inc. Updates Financial Guidance for Fiscal 2024 Citi Trends, Inc. updated fiscal 2024 outlook. Expecting full year comparable store sales growth of low to mid-single digits, a range slightly below its previous outlook. Announcement • May 23
Citi Trends, Inc. to Report Q1, 2025 Results on Jun 04, 2024 Citi Trends, Inc. announced that they will report Q1, 2025 results Pre-Market on Jun 04, 2024 Announcement • May 11
Citi Trends, Inc., Annual General Meeting, Jun 20, 2024 Citi Trends, Inc., Annual General Meeting, Jun 20, 2024. New Risk • May 10
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 21
Full year 2024 earnings released: US$1.46 loss per share (vs US$7.17 profit in FY 2023) Full year 2024 results: US$1.46 loss per share (down from US$7.17 profit in FY 2023). Revenue: US$747.9m (down 5.9% from FY 2023). Net loss: US$12.0m (down 120% from profit in FY 2023). Like-for-like sales growth: Down 6.8% vs FY 2023 Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year whereas the company’s share price has fallen by 38% per year. Reported Earnings • Mar 20
Full year 2024 earnings released: US$1.46 loss per share (vs US$7.17 profit in FY 2023) Full year 2024 results: US$1.46 loss per share (down from US$7.17 profit in FY 2023). Revenue: US$747.9m (down 5.9% from FY 2023). Net loss: US$12.0m (down 120% from profit in FY 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Mar 06
Citi Trends, Inc. to Report Q4, 2024 Results on Mar 19, 2024 Citi Trends, Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 19, 2024 Announcement • Jan 08
Citi Trends, Inc. Reaffirms Earnings Guidance for the Fourth Quarter and Fiscal Year 2023 Citi Trends, Inc. reaffirmed earnings guidance for the fourth quarter and fiscal year 2023. for the quarter, the company expects implied fourth quarter total sales are expected to be approximately flat to up low-single digits vs. fourth quarter of 2022 with comp store sales now expected to be in the range of down low-single digits to flat to last year For the year, the company expects total sales to be down mid-single digits as compared to fiscal 2022. Reported Earnings • Nov 29
Third quarter 2024 earnings released: US$0.47 loss per share (vs US$3.02 profit in 3Q 2023) Third quarter 2024 results: US$0.47 loss per share (down from US$3.02 profit in 3Q 2023). Revenue: US$179.5m (down 6.7% from 3Q 2023). Net loss: US$3.86m (down 116% from profit in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Announcement • Nov 29
Citi Trends, Inc. Updates Financial Guidance for the Fiscal 2023 Citi Trends, Inc. updated financial guidance for the fiscal 2023. For the period, the company's total sales are expected to be down mid-single digits as compared to previous year. Announcement • Nov 15
Citi Trends, Inc. to Report Q3, 2024 Results on Nov 28, 2023 Citi Trends, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 28, 2023 New Risk • Sep 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Significant insider selling over the past 3 months (€240k sold). Recent Insider Transactions • Aug 31
Lead Independent Director recently sold €240k worth of stock On the 29th of August, Jonathan Duskin sold around 11k shares on-market at roughly €21.25 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €109k more than they bought in the last 12 months. Reported Earnings • Aug 23
Second quarter 2024 earnings released: US$0.61 loss per share (vs US$0.31 loss in 2Q 2023) Second quarter 2024 results: US$0.61 loss per share (further deteriorated from US$0.31 loss in 2Q 2023). Revenue: US$173.6m (down 6.2% from 2Q 2023). Net loss: US$5.03m (loss widened 98% from 2Q 2023). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 09
Citi Trends, Inc. to Report Q2, 2024 Results on Aug 22, 2023 Citi Trends, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 22, 2023 New Risk • Jun 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 34% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 113% per year for the foreseeable future. High level of non-cash earnings (34% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (2.9% net profit margin). Reported Earnings • May 24
First quarter 2024 earnings released: US$0.81 loss per share (vs US$3.59 profit in 1Q 2023) First quarter 2024 results: US$0.81 loss per share (down from US$3.59 profit in 1Q 2023). Revenue: US$179.7m (down 14% from 1Q 2023). Net loss: US$6.64m (down 122% from profit in 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 24
Citi Trends, Inc. Provides Earnings Guidance for the Full Fiscal Year of 2023 Citi Trends, Inc. provided earnings guidance for the Full fiscal year of 2023. For the year, company expects total sales are expected to be in the range of negative mid single-digits to negative low single-digits. Announcement • May 10
Citi Trends, Inc. to Report Q1, 2024 Results on May 23, 2023 Citi Trends, Inc. announced that they will report Q1, 2024 results Pre-Market on May 23, 2023 Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €16.60, the stock trades at a trailing P/E ratio of 2.4x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 101% over the past three years. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: US$7.17 (vs US$6.98 in FY 2022) Full year 2023 results: EPS: US$7.17. Revenue: US$795.0m (down 20% from FY 2022). Net income: US$58.9m (down 5.4% from FY 2022). Profit margin: 7.4% (up from 6.3% in FY 2022). Announcement • Jan 10
Citi Trends, Inc. Provides Earnings Guidance for the Fourth Quarter and Second Half of Fiscal 2022 Citi Trends, Inc. provides earnings guidance for the fourth quarter and second half of fiscal 2022. For the fourth quarter, the company expects EPS to be in the range of $0.78 to $0.86.For the second half of Fiscal 2022, the company expected EPS to be in the range of $3.80 to $3.88, compared to $0.73 in the second half of Fiscal 2019,. At the midpoint, this guidance represents an EPS increase of approximately 425% compared to the second half of Fiscal 2019. The company expects low single digit increase in second half total sales compared to first half total sales and expects second half operating income to be approximately in line with the second half of 2019. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improved over the past week After last week's 22% share price gain to €29.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 54% over the past three years. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: US$3.02 (vs US$1.04 in 3Q 2022) Third quarter 2023 results: EPS: US$3.02 (up from US$1.04 in 3Q 2022). Revenue: US$192.3m (down 16% from 3Q 2022). Net income: US$24.6m (up 173% from 3Q 2022). Profit margin: 13% (up from 4.0% in 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Citi Trends, Inc. Reiterates Earnings Guidance for the Second Half of 2022 Citi Trends, Inc. reiterated earnings guidance for the second half of 2022. For the period, the company expects low single digit increase in second half total sales compared to first half total sales; Expects gross margin to remain in the high 30s to low 40s range for the second half; Expects second half operating income to be approximately in line with the second half of 2019. Announcement • Nov 16
Citi Trends, Inc. to Report Q3, 2023 Results on Nov 29, 2022 Citi Trends, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 29, 2022 Recent Insider Transactions • Oct 13
CEO & Director recently bought €76k worth of stock On the 6th of October, David Makuen bought around 4k shares on-market at roughly €18.97 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of €147k worth in shares. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 20% share price gain to €18.70, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.89 per share. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €22.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.80 per share. Reported Earnings • Aug 25
Second quarter 2023 earnings released: US$0.31 loss per share (vs US$1.37 profit in 2Q 2022) Second quarter 2023 results: US$0.31 loss per share (down from US$1.37 profit in 2Q 2022). Revenue: US$185.0m (down 22% from 2Q 2022). Net loss: US$2.54m (down 120% from profit in 2Q 2022). Over the next year, revenue is forecast to grow 1.5%, compared to a 11% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Aug 25
Citi Trends, Inc. Provides Guidance for the Second Half and Full Year 2022 Citi Trends, Inc. provided updated guidance for 2022. For 2022, the company expects low single digit increase in second half total sales compared to first half total sales. Expects second half operating income to be approximately in line with the second half of 2019 For the full year this represents an 8% to 10% decline from the mid-point of previous guidance of $870 million. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 16% share price gain to €28.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 114% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €54.78 per share. Announcement • Aug 11
Citi Trends, Inc. to Report Q2, 2023 Results on Aug 24, 2022 Citi Trends, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 24, 2022 Board Change • Jul 31
High number of new directors Independent Director Christina Francis was the last director to join the board, commencing their role in 2021. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €20.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 50% over the past three years. Announcement • May 25
Citi Trends, Inc. Provides Earning Guidance for Fiscal 2022 Citi Trends, Inc. provided earning guidance for fiscal 2022. For the period, the company expects total sales of $860 to $880 million, with a comparable store sales decrease of 14% to 16% on top of a 22% increase in fiscal 2021 vs. fiscal 2019; this guidance implies a stack of 6% to 8% for the periods noted, operating income of $58.8 to $65.3 million and diluted earnings per share of $5.59 to $6.09. Reported Earnings • May 25
First quarter 2023 earnings released: US$0.56 loss per share (vs US$3.27 profit in 1Q 2022) First quarter 2023 results: US$0.56 loss per share (down from US$3.27 profit in 1Q 2022). Revenue: US$208.2m (down 27% from 1Q 2022). Net loss: US$4.72m (down 115% from profit in 1Q 2022). Over the next year, revenue is expected to shrink by 1.7% compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €24.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 82% over the past three years. Announcement • May 12
Citi Trends, Inc. to Report Q1, 2022 Results on May 24, 2022 Citi Trends, Inc. announced that they will report Q1, 2022 results Pre-Market on May 24, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Christina Francis was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Citi Trends, Inc., Annual General Meeting, Jun 01, 2022 Citi Trends, Inc., Annual General Meeting, Jun 01, 2022, at 09:00 US Eastern Standard Time. Agenda: To elect the nine nominees named in the proxy statement to the board of directors to serve as directors whose terms will expire at the 2023 annual meeting of stockholders and until their respective successors are duly elected and qualified; to vote on a non-binding, advisory resolution to approve the compensation of our named executive officers as set forth in the proxy statement; to ratify the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending January 28, 2023; and to transact any other business properly brought before the meeting or any adjournment or postponement of the meeting. Reported Earnings • Apr 17
Full year 2022 earnings released: EPS: US$6.98 (vs US$2.33 in FY 2021) Full year 2022 results: EPS: US$6.98 (up from US$2.33 in FY 2021). Revenue: US$991.6m (up 27% from FY 2021). Net income: US$62.2m (up 160% from FY 2021). Profit margin: 6.3% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.5% compared to a 14% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Apr 15
Insider recently sold €53k worth of stock On the 12th of April, Jessica Berkowitz sold around 2k shares on-market at roughly €29.41 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €27.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 23% share price gain to €34.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Specialty Retail industry in Europe. Total returns to shareholders of 116% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$6.98 (up from US$2.33 in FY 2021). Revenue: US$991.6m (up 27% from FY 2021). Net income: US$62.2m (up 160% from FY 2021). Profit margin: 6.3% (up from 3.1% in FY 2021). The increase in margin was driven by higher revenue. Like-for-like sales growth: 25.1% vs FY 2021 Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Mar 03
Citi Trends, Inc. to Report Q4, 2022 Results on Mar 15, 2022 Citi Trends, Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 15, 2022 Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €31.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €49.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 183% over the past three years. Announcement • Jan 12
Citi Trends, Inc. Provides Earnings Guidance for the Fiscal 2021 Citi Trends, Inc. provided earnings guidance for the fiscal 2021. Based on the recent disruptions brought on by the surge in COVID-19 cases, the Company now expects its full year 2021 total sales to be in the range of $990.0 million to $995.0 million, which at the midpoint of the range reflects a 26.7% increase over fiscal 2020 and a 26.9% increase over fiscal 2019. Diluted EPS is now expected to be in a range of $6.70 to $6.85, compared to $2.32 in fiscal 2020 and $1.41 in fiscal 2019. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improved over the past week After last week's 18% share price gain to €76.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Specialty Retail industry in Europe. Total returns to shareholders of 341% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €134 per share. Recent Insider Transactions • Dec 23
CEO & Director recently bought €71k worth of stock On the 20th of December, David Makuen bought around 1k shares on-market at roughly €59.48 per share. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €61.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 301% over the past three years. Recent Insider Transactions • Dec 08
Insider recently sold €196k worth of stock On the 6th of December, Lisa Powell sold around 3k shares on-market at roughly €69.16 per share. In the last 3 months, there was an even bigger sale from another insider worth €239k. Insiders have been net sellers, collectively disposing of €4.3m more than they bought in the last 12 months.