Citi Trends, Inc. reported results for the first quarter of fiscal 2014.
Financial Highlights - First quarter ended May 3, 2014
Total sales in the first quarter ended May 3, 2014 increased 3.4% to $188.0 million compared with $181.8 million in the first quarter ended May 4, 2013. Comparable store sales increased 4.2% in the quarter.
The Company had net income of $9.1 million, or $0.61 per diluted share, in the first quarter of 2014 compared with $6.2 million, or $0.42 per diluted share, in last year's first quarter.
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company operates 505 stores located in 29 states.