Citi Trends Full Year 2024 Earnings: EPS Misses Expectations

Citi Trends (NASDAQ:CTRN) Full Year 2024 Results

Key Financial Results

• Revenue: US$747.9m (down 5.9% from FY 2023).
• Net loss: US$12.0m (down by 120% from US$58.9m profit in FY 2023).
• US$1.46 loss per share (down from US$7.17 profit in FY 2023).

CTRN Sales Performance

• Like-for-like sales growth: Down 6.8% vs FY 2023.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citi Trends EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.

In the last 12 months, the only revenue segment was Retail Operations contributing US$747.9m. Notably, cost of sales worth US$462.8m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$282.9m (93% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$6.42m. Explore how CTRN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Specialty Retail industry in the US.

Performance of the American Specialty Retail industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Citi Trends' balance sheet and an in-depth analysis of the company's financial position.

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