Citi Trends, Inc. Reiterates Earnings Guidance for the Second Half of 2022
November 29, 2022 at 06:45 am
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Citi Trends, Inc. reiterated earnings guidance for the second half of 2022. For the period, the company expects low single digit increase in second half total sales compared to first half total sales; Expects gross margin to remain in the high 30s to low 40s range for the second half; Expects second half operating income to be approximately in line with the second half of 2019.
Citi Trends, Inc. is a specialty retailer of apparel, accessories and home trends primarily for African American and multicultural families in the United States. The Company operates over 602 stores located in 33 states. It offers a range of merchandise, including a range of apparel for juniors, missy and women (plus size), including sportswear, outerwear, sleepwear, lingerie and scrubs; selection of apparel for men and big men, including sportswear and outerwear; an assortment of basics, fashion and trends for boys up to size 20 and girls up to size 16 and also, sizes for newborns, infants and toddlers, as well as kids uniforms and accessories; fashionable handbags, hats, belts, sunglasses, jewelry and watches for men and women, underwear and socks for the entire family, as well as beauty and fragrance offerings for women and men; home goods for the bedroom, bathroom, kitchen and decorative accessories, and casual and dress footwear in sizes for men, ladies and kids.
CITI TRENDS, INC. 
