Citi Trends Full Year 2024 Earnings: EPS Misses Expectations
Citi Trends (NASDAQ:CTRN) Full Year 2024 Results
Key Financial Results
Revenue: US$747.9m (down 5.9% from FY 2023).
Net loss: US$12.0m (down by 120% from US$58.9m profit in FY 2023).
US$1.46 loss per share (down from US$7.17 profit in FY 2023).
CTRN Sales Performance
Like-for-like sales growth: Down 6.8% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Citi Trends EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 36%.
In the last 12 months, the only revenue segment was Retail Operations contributing US$747.9m. Notably, cost of sales worth US$462.8m amounted to 62% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$284.5m (94% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$6.42m. Explore how CTRN's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 6.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Citi Trends you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
