Aug '12
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.
Must ReadView All
Textiles | On 21st Apr 2018
ITC, ICS tie up to help Moroccan textile value chain
The International Trade Centre (ITC) has partnered with ICS, which...
Apparel/Garments | On 21st Apr 2018
Bangladesh garment manufacturers call for fair pricing
Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...
Textiles | On 21st Apr 2018
Pak ministry proposes extension to PM package for 2018-19
Pakistani textile ministry has reportedly proposed extending the...
Interviews View All
Angelina Francesca Cheang
MY ANJE
'Consumers in the age-group 21 to 38 are driving the activewear trend'
Asim Dalal
Indo Count Retail Ventures
Today, there is no other emerging market as India, "we make in India and...
Amrit Sethia
SOIE
‘The intimatewear category in India is slowly becoming trend-sensitive.’
Fynd is the central online shopping destination for fashion, offering...
Reckon Industries adapts latest systems for manufacturing from designing...
Kusumgar Corporates is a leading manufacturer of technical textiles and...
Steve Cole
Xerium Technologies
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Marcel Alberts
Eurofibers
Coating at a fibre level is a practice not usually seen in the...
Suresh Patel
Sidwin Fabric
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Bani Batra’s couture wedding collection is inspired by traditional Indian...
Madhu Jain
Madhu Jain
She grew up in the walled city of Old Delhi, completed her studies, and...
Igor Chapurin
Chapurin
"Now we can see the Russian trend in international fashion. And Russian...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 103
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 103
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 103
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 103
E-News Insight
Latest News Update in Your Mail Box.
