| Line Item | 2026-05-02 | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $230.9M | — | +14.4% |
| SG&A Expense | $79.7M | — | +6.5% |
| Operating Income | $7.4M | — | +1408.2% |
| Pre-tax Income | $7.9M | — | +811.1% |
| Income Tax | $182K | — | — |
| Net Income | $7.8M | — | +790.2% |
| EPS (Basic) | $0.95 | — |
| Line Item | 2026-05-02 | Q/Q | Y/Y |
|---|---|---|---|
| Inventory | $115.2M | +1.5% | +4.8% |
| Current Assets | $213.0M | +10.3% | +26.3% |
| Total Assets | $496.2M | +5.3% | +13.4% |
| Current Liabilities | $186.0M | +7.2% | +23.6% |
| Total Liabilities | $370.8M | +4.5% | +12.8% |
| Stockholders' Equity |
| Line Item | 2026-05-02 | Q/Q | Y/Y |
|---|---|---|---|
| Operating Cash Flow | $20.9M | — | +290.3% |
| Investing Cash Flow | -$5.8M | — | -177.2% |
| Financing Cash Flow | -$34K | — | +99.5% |
Business Overview
Citi Trends, Inc. is the leading off-price value retailer of apparel, accessories and home trends primarily for Black families in the United States, operating 591 stores across 33 states as of May 2, 2026. In the thirteen weeks ended May 2, 2026, the Company achieved net sales of $230.9 million compared to $201.7 million in the prior year period, with net income of $7.8 million versus $0.9 million, reflecting improved operational performance and merchandise management. The Company maintains a single operating segment structure and continues to manage resources on a consolidated basis to align with long-term strategic goals.
Segment Performance
The Company operates as a single reportable segment. For the thirteen weeks ended May 2, 2026 compared to May 3, 2025: Net sales increased 14.5% to $230.9 million from $201.7 million; Cost of sales (merchandising and other) increased to $126.4 million from $111.9 million; Freight costs increased to $12.2 million from $10.1 million; Store payroll expenses increased to $23.9 million from $22.5 million; Store rent increased to $17.7 million from $16.3 million; Income from operations increased significantly to $7.4 million from $0.5 million; and Net income increased to $7.8 million from $0.9 million.
Forward Guidance
The Company states that "Operating results for the first quarter of 2026 are not necessarily indicative of the results that may be expected for the fiscal year as a result of the seasonality of the business and the current economic uncertainty." Additionally, regarding new tax legislation, "The Company expects to utilize the more favorable tax legislation in its corresponding tax filings."
Key Risk Factors
Key risk factors include uncertainties relating to general economic conditions (inflation, energy costs, unemployment), changes in market interest rates and wage levels, imposition of new taxes and tariffs on imports, impact of natural disasters, and risks related to acts of war, terrorism, and political or social unrest that could result in store closures and inventory loss. The Company also faces risks from seasonality of the business and current economic uncertainty, which could impact results and limit the predictability of quarterly performance.
| +763.6% |
| EPS (Diluted) | $0.91 | — | +727.3% |
| $125.3M |
| +7.8% |
| +15.5% |