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Citi Trends Q1’FY14 net income surges 31.8% to $9.1mn

May 21, 2014 (United States Of America)

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. 
 

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