Citi Trends Expects Q4 Comparable Store Sales Of Up Low To Mid-Single Digits With Total Sales Down Mid-Single Digits

Benzinga · Dec 3 19:56

While the Company does not provide quarterly guidance, given the significant changes in the Company's business model along with the dynamic nature of its growth and where it is in its fiscal year, it is offering the following comments about the fourth quarter of fiscal 2024:

Q4 comparable store sales are expected to be up low to mid-single digits with total sales down mid-single digits due to the 53rd week last year and store closures
Q4 gross margin is expected to be in the range of 39% to 40%
SG&A is expected to be approximately $76 million including the finalization of strategic expenses plus store payroll to support holiday sales
Q4 EBITDA* is expected to be in the range of $5 million to $7 million

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Citi Trends Expects Q4 Comparable Store Sales Of Up Low To Mid-Single Digits With Total Sales Down Mid-Single Digits

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