CTRN - Citi Trends: Growth At A Reasonable Price
- Citi Trends released its Q3 results last month, reporting quarterly revenue of $228 million, a 14% increase from the year-ago period.
- Notably, the company was one of only a handful of retail names to see meaningful margin expansion, with margins up 290 basis points on a two-year basis to 40.3%.
- With strong unit growth and continued remodels expected in FY2022, Citi has guided for low double-digit annual EPS growth, lapping high triple-digit annual EPS growth in FY2021.
- Given the strong growth here and continued momentum into 2022, I see Citi Trends as a name to keep a close eye on during sharp pullbacks.
For further details see:
Citi Trends: Growth At A Reasonable Price