Key Developments For Citi Trends, Inc.
Citi Trends, Inc. (CTRN.O) (Nasdaq)
Citi Trends, Inc. Issues FY 2009 EPS Guidance In Line With Analysts' Estimates; Comments On Q4 2009 Comparable Store Sales Guidance
Citi Trends, Inc. announced that fiscal 2009 earnings will be in a range of $1.30 to $1.35 per diluted share. This guidance is based upon an anticipated comparable store sales increase of 1% to 3% in the fourth quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report earnings of $1.31 for fiscal 2009.
Citi Trends, Inc. Issues FY 2009 EPS Outlook Below Analysts' Estimates; Comments On H2 And FY 2009 Comparable Store Sales Outlook-Conference Call
Citi Trends, Inc. announced that for fiscal 2009 it is currently estimating earnings per share (EPS) in a range of $1.28 to $1.33 which includes a comparable store sales increase of approximately 1%. For the second half of 2009, the Company is estimating an increase in comparable store sales of approximately 4%. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $1.35 for fiscal 2009.
Citi Trends, Inc. Announces Openings of Eight Additional Retail Stores
Citi Trends, Inc. announced the opening of eight additional retail locations in cities across the southeast and California.
Citi Trends, Inc. Raises FY 2009 EPS Outlook; Comments On FY 2009 Comparable Store Sales Outlook
Citi Trends, Inc. raised its fiscal 2009 earnings estimate to approximately $1.33 per diluted share which includes an anticipated fiscal 2009 comparable store sales increase of approximately 3%. The earnings estimate includes the first quarter impact of an unrealized loss of $728 000, or $0.03 per diluted share, related to the valuation of the Company's investments in auction rate securities. According to Reuters Estimates, analysts were expecting the Company to report non-GAAP EPS of $1.30 for the same period.
Citi Trends, Inc. Announces Ed Anderson To Retire As CEO
Citi Trends, Inc. announced that Ed Anderson, Chairman and Chief Executive Officer (CEO), will retire as CEO effective April 4, 2009. David Alexander, currently President and Chief Operating Officer, will assume the role of Chief Executive Officer and become a member of the Board of Directors, effective April 5, 2009.
