Citi Trends Lifts 2026 Outlook After Q2 Sales Rise 10.9%
CTRN has more than doubled off its 52-week low of $29.2.
Summary
Citi Trends raised its full-year guidance after Q2 sales rose 10.9% to $211.6 million, with comparable store sales up 10.5%. The company now expects fiscal 2026 comparable sales growth of 9%-11% (up from 8%-10%), total sales growth of 10%-12% (up from 9%-11%), and adjusted EBITDA of $38M-$42M (up from $35M-$40M). Q2 adjusted EBITDA improved to $5.5 million from a loss a year ago, driven by higher basket and transactions, merchandise margin gains, and SG&A leverage. This follows the preliminary Q2 sales pre-announcement on August 10, but the guidance raise and EBITDA figure are new. The stock trades near its 52-week high, and the raised outlook supports the positive momentum.
At the time of this announcement, CTRN was trading at $74.35 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $619.3M. The 52-week trading range was $29.20 to $77.91. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.