Quarterly ResultJun 2, 2026, 07:01 AM
Citi Trends Q1 Sales Jump 14.4% to $230.9M; Net Income $7.8M
AI Summary
Citi Trends Inc. reported strong first-quarter fiscal 2026 results, with total sales up 14.4% to $230.9 million and comparable store sales increasing by 13.9%. Net income rose to $7.8 million from $0.9 million in the prior year, and adjusted EBITDA more than doubled to $13.9 million. The company reaffirmed its full-year adjusted EBITDA outlook of $35 million to $40 million and plans to open 25 new stores while remodeling 50.
Key Highlights
- Citi Trends Q1 2026 total sales increased 14.4% to $230.9 million.
- Comparable store sales grew 13.9% in Q1 2026, with a two-year stack of 23.8%.
- Q1 2026 Net Income was $7.8 million, a significant increase from $0.9 million in Q1 2025.
- Adjusted EBITDA more than doubled to $13.9 million in Q1 2026, up from $6.4 million in Q1 2025.
- Company reaffirms increased 2026 adjusted EBITDA outlook of $35 million to $40 million.
- Gross margin increased 40 basis points to 40.0% in Q1 2026.
- Company plans to open approximately 25 new stores and remodel 50 stores in fiscal 2026.
- Cash reserves increased to $81.1 million with no debt at the end of Q1 2026.
Price Impact
More from CTRN