Citi Trends (NASDAQ: CTRN) is
a value-priced retailer of urban fashion apparel. Offerings include family clothing, shoes, accessories and home decor items. Goods are sold at 20-60% off department and specialty store prices. The company operates 330 stores in the Southeast, Mid-Atlantic and Midwest regions and the state of Texas. Ross Stores (NASDAQ: ROST) and TJX Companies (NYSE: TJX) are major competitors.
The firm pleased investors late last month, when it reported Q4 EPS of 59 cents and revenues of $134.6 million. The Street had been expecting 44 cents and $136 million. Management also guided FY09 EPS to $1.10-$1.15 ($1.00 consensus). Citi Trends said it expected to increase selling square footage by at least 15% this year.
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