CTRN / Citi Trends stock drops toward 4-month low after downbeat outlook, as low income customers to remain under pressure

Citi Trends, Inc. (NASDAQ:CTRN ) Q2 2023 Earnings Conference Call August 22, 2023 9:00 AM ET Company Participants Nitza McKee - Senior Associate, ICR more_horizontal

Oil prices rose on Monday to reach their highest since mid-April following an extension of production cuts by Saudi Arabia and Russia. more_horizontal

Citi Trends (CTRN) came out with a quarterly loss of $0.66 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to earnings more_horizontal

Shares of Citi Trends Inc. CTRN, +1.57% sank 5.9% toward a four-month low in premarket trading Tuesday, after the discount apparel and accessories ret more_horizontal

Citi Trends has reported on holiday season results; although impacted by the inflationary environment, sales were within expectations at $171.9 millio more_horizontal

Citi Trends (CTRN) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that hav more_horizontal

Citi Trends (CTRN) posts soft holiday performance. Total sales for the nine-week period ending Dec 31, 2022 tumbled 16.1% year over year. more_horizontal

The holiday season is helping the struggling retail sector by boosting sales, which is likely to benefit stocks like Urban Outfitters, Inc. (URBN), Ci more_horizontal