Citi Trends Sales Up in Q1
Wednesday, May 20th, 2015
Citi Trends, Inc. today reported results for the first quarter of fiscal 2015.
Financial Highlights - First quarter ended May 2, 2015
Total sales in the first quarter ended May 2, 2015 increased 3.7% to $194.9 million compared with $188.0 million in the first quarter ended May 3, 2014. Comparable store sales increased 1.8% in the quarter.
The Company had net income of $11.3 million, or $0.74 per diluted share, in the first quarter of 2015 compared with $9.1 million, or $0.61 per diluted share, in last year's first quarter.
During the first quarter, the Company opened four new stores and relocated or expanded three other stores.
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) 231-2937. A replay of the conference call will be available until May 27, 2015, by dialing (402) 977-9140 and entering the passcode, 21761233.
The live broadcast of Citi Trends' conference call will be available online at the Company's website, www.cititrends.com, under the Investor Relations section, 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.


