Citi Trends Holiday Period Comparable Store Sales Down 0.3%; Reaffirms FY23 Sales Outlook
(RTTNews) - Specialty value retailer Citi Trends, Inc. (CTRN) announced Monday that total sales for the quarter-to-date holiday period edged down to $179.5 million from $181.9 million in the same period last year. Comparable store sales for the period were down 0.3%.
For fiscal 2023, the company continues to project total sales to be down mid-single digits.
The Company's implied fourth quarter total sales are expected to be approximately flat to up low-single digits, with comp store sales now expected to be in the range of down low-single digits to flat to last year.
On average, analysts polled by Thomson Reuters expect the company to report sales growth of 1.2 percent to $212.05 million for the quarter and a sales decline of 6.3 percent to $744.7 million for the year. Analysts' estimates typically exclude special items.
Additional Support Predicted For Malaysia Stock Market
Rebound Anticipated For South Korea Stock Market
Indonesia Retail Sales Data Due On Monday
Canadian Dollar Falls Against Most Majors
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
Swiss Market Ends Marginally Up
Major European Markets Close On Mixed Note
