UPDATE: Citi Trends Posts Narrower Q4 Loss

Citi Trends

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.