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home / news releases / CTRN - Citi Trends Improved In Q1 But Its Valuation Is Not Opportunistic Yet

CTRN - Citi Trends Improved In Q1 But Its Valuation Is Not Opportunistic Yet

Citi Trends Inc.

2024-06-04 16:31:07 ET

Summary

  • Citi Trends, Inc. reported mixed Q1 results with slight revenue growth and improved gross margins, but still generates operating and net losses.
  • Recent corporate developments include a shareholder agreement with a 22% shareholder and the introduction of a new CEO.
  • The article discusses potential scenarios for the company's future profitability and evaluates its current valuation.

Citi Trends, Inc. ( CTRN ) is a specialty retailer focused on low-income African American customers in the US....

For further details see:

Citi Trends Improved In Q1, But Its Valuation Is Not Opportunistic Yet
Stock Information
Company Name: Citi Trends Inc.
Stock Symbol: CTRN
Market: NASDAQ
Website: cititrends.com
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