Home / Knowledge / News / Apparel/Garments / Citi Trends' net income zooms 181% in 39 weeks to Oct 31
Citi Trends' net income zooms 181% in 39 weeks to Oct 31
25
Nov '15
Citi Trends, a US based value-priced retailer for fashion apparel and accessories, posted net income for the first 39 weeks of fiscal 2015 of $12.1 million, showing a surge of 181 per cent compared to $4.3 million in the same period last fiscal, according to a press statement issued by the retailer.

The company reported a rise of 3.7 per cent in its total sales to $507.7 million in the first three quarters of fiscal 2015 ending October 31, as compared to $489.7 million in the corresponding quarters of fiscal 2014. Earnings per diluted share for this period was $0.79 as compared to $0.29 per diluted share in the same period last fiscal.

For the first nine months of fiscal 2015, comparable store sales rose by 1.7 per cent. Selling, general and administrative expenses for this period were $167.1 million as compared to $163.5 million in the corresponding period last fiscal, which is a rise of 2.2 per cent.

The press releases also mentioned that total sales reported by the retailer in the third quarter ended October 31, 2015 increased 1.4 per cent to $158.9 million compared with $156.7 million in the corresponding quarter last fiscal. Comparable store sales decreased 0.5 per cent in the quarter. (MCJ)

Fibre2Fashion News Desk — India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search