Citi Trends (NASDAQ:CTRN) reported its Q1 earnings results on Tuesday, May 23, 2023 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Citi Trends missed estimated earnings by 120.0%, reporting an EPS of $-0.66 versus an estimate of $-0.3.
Revenue was down $28.53 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 9.81% drop in the share price the next day.
Here’s a look at Citi Trends’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | -0.06 | 0.09 | 0.34 |
| EPS Actual | 0.83 | 0.24 | -0.31 | 0.42 |
| Revenue Estimate | 208.75M | 185.47M | 199.59M | 203.77M |
| Revenue Actual | 209.46M | 192.32M | 185.01M | 208.22M |
To track all earnings releases for Citi Trends visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
