Recap: Citi Trends Q1 Earnings - Citi Trends (NASDAQ:CTRN)

Citi Trends CTRN reported its Q1 earnings results on Tuesday, May 23, 2023 at 06:45 AM.

Here's what investors need to know about the announcement.

Citi Trends missed estimated earnings by 120.0%, reporting an EPS of $-0.66 versus an estimate of $-0.3.

Revenue was down $28.53 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 9.81% drop in the share price the next day.

Here's a look at Citi Trends's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.81	-0.06	0.09	0.34
EPS Actual	0.83	0.24	-0.31	0.42
Revenue Estimate	208.75M	185.47M	199.59M	203.77M
Revenue Actual	209.46M	192.32M	185.01M	208.22M

To track all earnings releases for Citi Trends visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.