Citi Trends (NASDAQ:CTRN) reported its Q1 earnings results on Tuesday, May 24, 2022 at 06:45 AM.
Here's what investors need to know about the announcement.
Earnings
Citi Trends beat estimated earnings by 23.53%, reporting an EPS of $0.42 versus an estimate of $0.34.
Revenue was down $77.17 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 2.65% increase in the share price the next day.
Here's a look at Citi Trends's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.12 | 0.45 | 0.43 | 2.90 |
| EPS Actual | 1.16 | 1.03 | 1.36 | 3.23 |
| Revenue Estimate | 250.54M | 220.67M | 227.21M | 277.00M |
| Revenue Actual | 240.97M | 227.96M | 237.28M | 285.38M |
To track all earnings releases for Citi Trends visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
