Citi Trends Up Premarket on Higher 1Q Sales, Traffic

Dow Jones

Jun 02

By Adriano Marchese

Citi Trends shares rose in premarket trading Tuesday after the company reported strong first-quarter sales driven by more customer visits and higher spend per visit, a momentum it says is continuing into the current quarter.

Shares traded 11% higher ahead of the morning bell at $49.96.

The value retailer of apparel, accessories and home goods reported a 14.4% rise in total sales, reaching $230.9 million in the first quarter. Comparable sales were up 13.9%.

Chief Executive Ken Seipel said the quarter's growth was driven by increased customer traffic and larger basket size, which he said was thanks to improved assortment, better trending products and its value proposition.

Net income in the period rose to $7.75 million, from $871,000 a year earlier, which on a per-share basis was 91 cents compared with 11 cents.

The trend appears to be continuing in the second quarter. "We are also encouraged by the momentum we are seeing early in the second quarter, with quarter-to-date comparable store sales growth trending in the high-single digits, upper teens on a two-year basis," Seipel said.

For the full year, Citi Trends expects comparable store sales to increase 8% to 10%, with total sales growing at a pace of between 9% to 11%.

Citi Trends plans to open about 25 new stores and remodel about 50 existing ones.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 02, 2026 09:36 ET (13:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

LOGIN / SIGN UP

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2640844946"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2640844946\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2640844946?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 21:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640844946","market":"sg","top_or_hot":-1,"title":"Citi Trends Up Premarket on Higher 1Q Sales, Traffic","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/CTRN\">Citi Trends</a> shares rose in premarket trading Tuesday after the company reported strong first-quarter sales driven by more customer visits and higher spend per visit, a momentum it says is continuing into the current quarter. \n</p>\n<p>\n  Shares traded 11% higher ahead of the morning bell at $49.96. \n</p>\n<p>\n  The value retailer of apparel, accessories and home goods reported a 14.4% rise in total sales, reaching $230.9 million in the first quarter. Comparable sales were up 13.9%. \n</p>\n<p>\n  Chief Executive Ken Seipel said the quarter's growth was driven by increased customer traffic and larger basket size, which he said was thanks to improved assortment, better trending products and its value proposition. \n</p>\n<p>\n  Net income in the period rose to $7.75 million, from $871,000 a year earlier, which on a per-share basis was 91 cents compared with 11 cents. \n</p>\n<p>\n  The trend appears to be continuing in the second quarter. \"We are also encouraged by the momentum we are seeing early in the second quarter, with quarter-to-date comparable store sales growth trending in the high-single digits, upper teens on a two-year basis,\" Seipel said. \n</p>\n<p>\n  For the full year, Citi Trends expects comparable store sales to increase 8% to 10%, with total sales growing at a pace of between 9% to 11%. \n</p>\n<p>\n  Citi Trends plans to open about 25 new stores and remodel about 50 existing ones. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 09:36 ET (13:36 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citi Trends Up Premarket on Higher 1Q Sales, Traffic</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCiti Trends Up Premarket on Higher 1Q Sales, Traffic\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-02 21:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Adriano Marchese \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/CTRN\">Citi Trends</a> shares rose in premarket trading Tuesday after the company reported strong first-quarter sales driven by more customer visits and higher spend per visit, a momentum it says is continuing into the current quarter. \n</p>\n<p>\n  Shares traded 11% higher ahead of the morning bell at $49.96. \n</p>\n<p>\n  The value retailer of apparel, accessories and home goods reported a 14.4% rise in total sales, reaching $230.9 million in the first quarter. Comparable sales were up 13.9%. \n</p>\n<p>\n  Chief Executive Ken Seipel said the quarter's growth was driven by increased customer traffic and larger basket size, which he said was thanks to improved assortment, better trending products and its value proposition. \n</p>\n<p>\n  Net income in the period rose to $7.75 million, from $871,000 a year earlier, which on a per-share basis was 91 cents compared with 11 cents. \n</p>\n<p>\n  The trend appears to be continuing in the second quarter. \"We are also encouraged by the momentum we are seeing early in the second quarter, with quarter-to-date comparable store sales growth trending in the high-single digits, upper teens on a two-year basis,\" Seipel said. \n</p>\n<p>\n  For the full year, Citi Trends expects comparable store sales to increase 8% to 10%, with total sales growing at a pace of between 9% to 11%. \n</p>\n<p>\n  Citi Trends plans to open about 25 new stores and remodel about 50 existing ones. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 02, 2026 09:36 ET (13:36 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTRN","symbol_name":"Citi Trends","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640844946","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640844946","pubTimestamp":1780407360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Citi Trends shares rose in premarket trading Tuesday after the company reported strong first-quarter sales driven by more customer visits and higher spend per visit, a momentum it says is continuing into the current quarter.Shares traded 11% higher ahead of the morning bell at $49.96.The value retailer of apparel, accessories and home goods reported a 14.4% rise in total sales, reaching $230.9 million in the first quarter. Comparable sales were up 13.9%.Chief Executive Ken Seipel said the quarter's growth was driven by increased customer traffic and larger basket size, which he said was thanks to improved assortment, better trending products and its value proposition.Net income in the period rose to $7.75 million, from $871,000 a year earlier, which on a per-share basis was 91 cents compared with 11 cents.For the full year, Citi Trends expects comparable store sales to increase 8% to 10%, with total sales growing at a pace of between 9% to 11%.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CTRN":"Citi Trends"},"translate_title":"花旗因第一季度销售额和客流量增加而盘前上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTRN":1.5},"content_text":"By Adriano Marchese \n\n\n \n\n\nCiti Trends shares rose in premarket trading Tuesday after the company reported strong first-quarter sales driven by more customer visits and higher spend per visit, a momentum it says is continuing into the current quarter. \n\n\n  Shares traded 11% higher ahead of the morning bell at $49.96. \n\n\n  The value retailer of apparel, accessories and home goods reported a 14.4% rise in total sales, reaching $230.9 million in the first quarter. Comparable sales were up 13.9%. \n\n\n  Chief Executive Ken Seipel said the quarter's growth was driven by increased customer traffic and larger basket size, which he said was thanks to improved assortment, better trending products and its value proposition. \n\n\n  Net income in the period rose to $7.75 million, from $871,000 a year earlier, which on a per-share basis was 91 cents compared with 11 cents. \n\n\n  The trend appears to be continuing in the second quarter. \"We are also encouraged by the momentum we are seeing early in the second quarter, with quarter-to-date comparable store sales growth trending in the high-single digits, upper teens on a two-year basis,\" Seipel said. \n\n\n  For the full year, Citi Trends expects comparable store sales to increase 8% to 10%, with total sales growing at a pace of between 9% to 11%. \n\n\n  Citi Trends plans to open about 25 new stores and remodel about 50 existing ones. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2026 09:36 ET (13:36 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}