Citi Trends Pre-Announces Strong Q2 Sales, Comp Store Sales Up 10.5%
CTRN has more than doubled off its 52-week low of $29.2.
Summary
Citi Trends pre-announced preliminary Q2 2026 sales of $211.6 million, with comparable store sales growth of 10.5% (19.7% on a two-year basis). This marks the eighth consecutive quarter of comp growth, driven by transaction and basket increases across all merchandise categories. The results follow a strong Q1 and show the strategic transformation gaining traction. The company also set its Q2 earnings release and call for August 25, 2026. With the stock near its 52-week high, this pre-announcement reinforces the positive momentum and could drive further upward movement ahead of the full report.
At the time of this announcement, CTRN was trading at $72.69 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $605.5M. The 52-week trading range was $29.20 to $73.39. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.