Citi Trends returns fine same store sales perfomance for Sept
06 Oct '05
3 min read
Based on the Company's sales trends to date in the third quarter and the stronger-than-expected sales performance of the stores that have reopened since the hurricanes, offset by the revised expectations for new store openings in fiscal 2005, the Company remains comfortable with its previously issued fiscal 2005 outlook of earnings per share in a range of $0.75 to $0.78. This outlook includes a one-time termination fee of $1.2 million, or $0.05 per share charge, that the Company previously disclosed.
Citi Trends Inc is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company currently operates 224 stores (including the 7 stores currently closed due to the hurricanes) located in 12 states in the South, Southeast and Mid-Atlantic region.