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Citi Trends announces third quarter sales
06 Nov '08
1 min read
Citi Trends Inc reported unaudited sales results for the third quarter of fiscal 2008.
Total sales in the 13-week period ended November 1, 2008 increased 5.4% to $104.9 million compared with $99.5 million in the 13-week period ended November 3, 2007. Comparable store sales decreased 4.2% in the third quarter.
In light of the decline in comparable store sales, the Company believes it will recognize a loss per diluted share in a range of $0.09 to $0.13, compared to last year's third quarter loss of $0.04.
Citi Trends Inc is a value-priced retailer of urban fashion apparel and accessories for the entire family.
Total sales in the 13-week period ended November 1, 2008 increased 5.4% to $104.9 million compared with $99.5 million in the 13-week period ended November 3, 2007. Comparable store sales decreased 4.2% in the third quarter.
In light of the decline in comparable store sales, the Company believes it will recognize a loss per diluted share in a range of $0.09 to $0.13, compared to last year's third quarter loss of $0.04.
Citi Trends Inc is a value-priced retailer of urban fashion apparel and accessories for the entire family.
Citi Trends Inc
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