Citi Trends, Inc. has released its Q2 fiscal 2025 results, showcasing steady sales growth and improved margins.
Key Financial Highlights
Citi Trends, Inc. reported total sales of $190.8 million, an 8% increase compared to the same period in 2024. The expected revenue was $183.64 million. Comparable store sales surged by 9.2%, indicating the fourth consecutive quarter of growth. This is attributed to increased customer traffic and an updated merchandise assortment.
2025 Outlook
Following its strong Q2 performance, Citi Trends has raised its fiscal 2025 guidance. The company anticipates mid to high-single-digit comparable store sales growth, higher than previous expectations. Full-year gross margin is projected to expand by 210 to 230 basis points compared to 2024.
Company's Strategic Plans
Citi Trends plans to open three new stores, remodel approximately 60 locations, and close three stores, with capital expenditures projected between $22 million and $25 million. This confirms the company's intention to invest in development and sustainable growth.
Citi Trends, Inc. continues to show positive results due to its strategy focused on customer engagement and product assortment. The company looks confidently into the future, expecting further growth.
