Citi Trends Comp. Sales Up 7.1% During Holiday Sales

Citi Trends

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Kaufen / Verkaufen

(RTTNews) - Citi Trends, Inc. (CTRN), a discount retailer of apparel, accessories and home decor, Monday reported results for its holiday sales for its holiday selling period. The company also confirmed its outlook for the second half.

Total sales for the quarter-to-date period ending January 4, was $174.4 million, higher than $169.0 million in the same period a year ago. Comparable store sales increased 7.1 percent from last year.

For the second half, comparable store sales are expected to be on the high end of the range of up low to mid-single digits compared to the same period last year. Total sales are estimated to be flat to down low-single digits.

The company sees EBITDA, or earnings before interest, taxes, depreciation, and amortization for the second half to be on the high end of the previous outlook of $1.5 million to $4 million.