UPDATE: Citi Trends Posts Narrower Q4 Loss


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Citi Trends (NASDAQ: CTRN) posted a loss in the fourth quarter.Citi Trends posted a quarterly net loss of $0.7 million, or $0.05 per share, versus a year-ago net loss of $5.3 million, or $0.36 per share. Its revenue dropped 1.5% y/y to $175.7 million, from $178.4 million, in the year-ago period. However, analysts were expecting a loss of $0.05 per share on revenue of $191.15 million. It quarterly comparable store sales fell 11.8%.Citi Trends shares fell 0.65% to $10.74 in pre-market trading.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: EarningsNewsloss