Citi Trends Shows 4.2% Store Sales Growth in Q1
Press release from the issuing company
Wednesday, May 21st, 2014
Citi Trends, Inc. today reported results for the first quarter of fiscal 2014.
Financial Highlights – First quarter ended May 3, 2014
Total sales in the first quarter ended May 3, 2014 increased 3.4% to $188.0 million compared with $181.8 million in the first quarter ended May 4, 2013. Comparable store sales increased 4.2% in the quarter.
The Company had net income of $9.1 million, or $0.61 per diluted share, in the first quarter of 2014 compared with $6.2 million, or $0.42 per diluted share, in last year’s first quarter.
Investor Conference Call and Webcast
Citi Trends will host a conference call today at 9:00 a.m. ET. The number to call for the live interactive teleconference is (212) 231-2908. A replay of the conference call will be available until May 28, 2014, by dialing (402) 977-9140 and entering the passcode, 21705726.
The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, as well as http://www.cititrends.com/http/ircititrendscom, beginning today at 9:00 a.m. ET. The online replay will follow shortly after the call and will be available for replay for one year.
During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end. The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.


