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....
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Citi Trends Improved In Q1, But Its Valuation Is Not Opportunistic Yet