Citi Trends Inc CTRN
Citi Trends, Inc. ("CITITRENDS" or the "Company") is a highly differentiated off-price value retailer known for trendy fashions, great brands and amazing prices. We are the leading off-price retailer specifically focused on Black customers, delivering the styles, brands, and trends at amazing prices that resonate with our primary and secondary customers. Our product offering is Women's, Men's and Children's apparel, family footwear, accessories and products for the home, with a three-tiered mix of product. At the opening price point, we offer value-focused basics for our most budget-conscious customers. The core of our business is our ‘better' tier- quality products with breadth of selection and fresh styles. At the top end, we're expanding our ‘best' tier with two distinct approaches. First, we're adding more trend-relevant product at prices well below specialty retail. Second, we're building our extreme value capabilities, offering well-known branded product at 50% to 75% off MSRP. Our research shows this treasure hunt element resonates particularly well with our core customer, who views shopping as both a practical necessity and an enjoyable activity, fostering deep customer loyalty and high shopping frequency in the communities in which we operate.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $820.0M | $753.1M | $747.9M | $795.0M | $991.6M | $783.3M | $781.9M | $769.6M | $755.2M | $695.2M |
| SG&A | $313.2M | $300.2M | $284.5M | $279.2M | $307.6M | $260.2M | $259.6M | $247.9M | $247.1M | $230.7M |
| Operating income | $3.9M | -$39.5M | -$19.5M | $75.3M | $79.5M | $31.9M | $18.5M | $25.1M | $22.8M | $18.9M |
| Interest expense | $342.0K | $319.0K | $306.0K | $306.0K | $306.0K | $776.0K | $158.0K | $154.0K | $150.0K | $159.0K |
| Pre-tax income | $5.5M | -$37.3M | -$15.9M | $76.0M | $79.2M | $31.4M | $20.0M | $26.3M | $23.5M | $19.4M |
| Income tax | $296.0K | $5.8M | $3.9M | $17.1M | $17.0M | $7.4M | $3.5M | $5.0M | $8.9M | $6.0M |
| Net income | $5.2M | -$43.2M | -$12.0M | $58.9M | $62.2M | $24.0M | $16.5M | $21.4M | $14.6M | $13.3M |
| EPS, basic | 0.65 | -5.19 | -1.46 | 7.17 | 6.98 | 2.33 | 1.41 | 1.64 | 1.04 | 0.91 |
| EPS, diluted | 0.63 | -5.19 | -1.46 | 7.17 | 6.91 | 2.32 | 1.41 | 1.64 | 1.03 | 0.91 |
| Shares, diluted (wtd. avg.) | $8.3M | $8.3M | $8.2M | $8.2M | $9.0M | $10.3M | $11.7M | $13.1M | $14.1M | $14.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $66.1M | $61.1M | $79.7M | $103.5M | $49.8M | $123.2M | $19.9M | $17.9M | $48.5M | $49.3M |
| Short-term investments | — | — | — | — | — | — | $27.6M | $50.4M | $31.5M | $38.0M |
| Inventory | $113.5M | $122.6M | $130.4M | $105.8M | $123.8M | $103.8M | $138.3M | $139.8M | $137.7M | $134.6M |
| Total current assets | $193.0M | $197.1M | $225.1M | $222.9M | $192.6M | $244.4M | $201.2M | $225.6M | $233.3M | $237.3M |
| Property, plant and equipment | $54.4M | $50.7M | $56.2M | $60.1M | $75.3M | $63.5M | $65.0M | $56.2M | $61.8M | $59.3M |
| Total assets | $471.2M | $462.8M | $518.7M | $544.3M | $474.0M | $494.6M | $459.1M | $298.0M | $327.1M | $332.5M |
| Accounts payable | $100.7M | $102.5M | $100.4M | $80.7M | $98.9M | $84.8M | $79.6M | $73.4M | $75.9M | $75.4M |
| Total current liabilities | $173.4M | $174.4M | $169.9M | $160.6M | $187.5M | $182.8M | $150.9M | $102.4M | $109.2M | $100.4M |
| Total liabilities | $354.9M | $349.6M | $361.0M | $377.8M | $357.9M | $331.0M | $288.1M | $110.6M | $117.6M | $108.9M |
| Retained earnings | $281.1M | $275.9M | $319.1M | $331.1M | $272.2M | $209.9M | $186.8M | $176.1M | $158.9M | $148.6M |
| Total equity | $116.3M | $113.2M | $157.7M | $166.4M | $116.1M | $163.6M | $171.0M | $187.4M | $209.5M | $223.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $21.0M | -$3.8M | -$9.6M | $5.8M | $74.3M | $110.9M | $42.6M | $30.4M | $42.3M | $39.7M |
| Depreciation and amortisation | $18.5M | $18.8M | $19.0M | $20.6M | $20.4M | $19.3M | $18.5M | $18.9M | $18.9M | $17.1M |
| Stock-based compensation | $5.4M | $3.3M | $4.1M | $3.6M | $4.8M | $2.9M | $2.1M | $2.2M | $1.6M | $2.9M |
| Capital expenditure | $20.3M | $10.1M | $14.9M | $22.3M | $29.7M | $17.0M | $24.2M | $13.3M | $21.0M | $23.9M |
| Investing cash flow | -$8.5M | -$10.1M | -$13.4M | $60.2M | -$29.5M | $26.7M | -$7.6M | -$15.3M | -$12.8M | -$24.7M |
| Financing cash flow | -$7.5M | -$4.7M | -$854.0K | -$12.2M | -$118.2M | -$34.3M | -$32.9M | -$45.7M | -$30.3M | -$4.9M |
| Dividends paid | — | — | — | — | — | $832.0K | $3.8M | $4.2M | $4.2M | $3.5M |
| Buybacks | $6.3M | $3.8M | — | $10.0M | $115.3M | $32.9M | $28.4M | $40.4M | $25.0M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-053458.
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