Financial Highlights – Second quarter ended July 28, 2012
Total sales in the second quarter ended July 28, 2012 increased 1.6% to $132.3 million compared with $130.2 million in the second quarter ended July 30, 2011. Comparable store sales decreased 4.0% in the second quarter.
Net loss was $7.9 million, or $0.54 per diluted share, in the second quarter of 2012, compared with a net loss of $10.0 million, or $0.69 per diluted share, in the second quarter of 2011. Last year’s second quarter included $1.6 million of non-cash impairment expense related to the property and equipment at 21 underperforming stores, resulting in an adverse impact on loss per diluted share of $0.07.
The Company opened one store in the second quarter of 2012, resulting in a total store count of 512 at the end of the quarter.
Financial Highlights – First half ended July 28, 2012
Total sales in the first half of fiscal 2012 increased 3.3% to $330.0 million compared with $319.4 million in the first half of fiscal 2011. Comparable store sales decreased 4.6% in the first half of this year.
Net income increased to $2.2 million compared with $2.1 million in last year’s first half. Earnings per diluted share were $0.15 in the first half of 2012 compared with $0.14 in 2011’s first half.
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company operated 512 stores located in 29 states as of the end of the second quarter of 2012.
Citi Trends Inc.
Textiles | On 29th Apr 2017
The textile sector could have a uniform Goods and Services Tax (GST)...
Textiles | On 30th Apr 2017
Indian Government is working to revamp the technology mission on...
Apparel/Garments | On 30th Apr 2017
Columbia Sportswear Company has announced record net sales of $543.8...
‘There is huge demand in the Indian lingerie market for non-wired styles.’
‘The terms eco-friendly and organic are common but everyone perceives them ...
Bolger & O'Hearn
‘The Indian market is interesting and rather persistent in seeking new...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...
<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...