CTRN - Citi Trends GAAP EPS of $1.16 beats by $0.10 revenue of $240.97M misses by $0.4M

Citi Trends press release (NASDAQ:CTRN): Q4 GAAP EPS of $1.16 beats by $0.10. Revenue of $240.97M (-4.3% Y/Y) misses by $0.4M. Comparable store sales increased 9.2% vs. Q4 2019. Outlook: 1Q22 total sales decrease of 25%-30% Y/Y and diluted earnings per share of $0.15 to $0.40. FY2022 diluted EPS of $4.05 to $4.60 vs. consensus of $6.54. The company expects to open approximately 35 new stores and remodel approximately 50 stores during FY2022. As of FY2023 and beyond, the company expects to generate at least 20% year on year earnings per share and operating income growth.

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Citi Trends GAAP EPS of $1.16 beats by $0.10, revenue of $240.97M misses by $0.4M