Citi Trends, Inc. today reported results for the third quarter of fiscal 2015.

Financial Highlights - Third quarter ended October 31, 2015

Total sales in the third quarter ended October 31, 2015 increased 1.4% to $158.9 million compared with $156.7 million in the third quarter ended November 1, 2014. Comparable store sales decreased 0.5% in the quarter.

Net income was $0.6 million, or $0.04 per diluted share, in the third quarter of 2015 compared with a net loss of $(2.2) million, or $(0.15) per diluted share, in last year's third quarter. Selling, general and administrative expenses in this year's third quarter included a $0.9 million pretax benefit from a legal recovery, which had a positive impact on income per diluted share of $0.04. Last year's third quarter included $1.7 million in pretax expense related to a legal settlement, which had a negative impact on loss per diluted share of $(0.07).

Financial Highlights - First three quarters ended October 31, 2015

Total sales in the first three quarters of fiscal 2015 increased 3.7% to $507.7 million compared with $489.7 million in the same period of fiscal 2014. Comparable store sales increased 1.7% in the first three quarters of this year. Net income was $12.1 million, or $0.79 per diluted share, in the first three quarters of this year, compared with $4.3 million, or $0.29 per diluted share, in last year's first three quarters.

As previously announced, the Board of Directors has declared a quarterly dividend payment of $0.06 per share, which will be paid on December 15, 2015 to stockholders of record as of December 1, 2015.