Aug 26 - ** Shares of apparel, accessories retailer Citi Trends CTRN.O up about 5% at $35.70 premarket
** Co raises FY 2025 same-store sales growth forecast to mid- to high-single digits vs. previous outlook of mid-single digit growth
** CTRN reports 890 basis point increase in quarterly gross margin from last year
** Second-quarter comparable store sales rises 9.2% yr/yr
** Strong sales in the qtr driven by introduction of trendier products and strong value-for-money discounts that boost store traffic
** Up to last close, stock up about 30% YTD
(Reporting by Anshi Sancheti in Bengaluru)
((Anshi.Sancheti@thomson.reuters.com))
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