- Citi Trends reported solid Q4 FY 2021 results and guided the street to FY 2022 EPS ranging from $4.05 to $4.60 per share. This guidance excludes 2022 buybacks.
- Q1 FY 2022 guidance was really weak, at $0.15 to $0.40 EPS, but CTRN is lapping Q1 FY 2021 stimulus checks, Omicron and supply chain issues.
- As of February 28, 2022, 2.98 million shares or 36% of CTRN's float has been sold short.
- CTRN has a deal in principle for a $45 million sale-leaseback in Darlington, SC and the possibility of another $35 million deal in Roland, OK.
For further details see:
Citi Trends: The Next Big Short Squeeze?