Citi Trend | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 197.09 M

Revenue: As of FY2026 Q3, the actual value is USD 197.09 M, beating the estimate of USD 187.33 M.

EPS: As of FY2026 Q3, the actual value is USD -0.86, missing the estimate of USD -0.855.

EBIT: As of FY2026 Q3, the actual value is USD -7.794 M.

Segment Revenue

• Total Sales: Q3 2025 total sales were $197.1 million, an increase of $18.0 million or 10.1% compared to Q3 2024. Year-to-date total sales were $589.6 million, an increase of $47.7 million or 8.8% compared to 2024.

Operational Metrics

• Net Loss: Q3 2025 net loss was - $6.9 million, compared to a net loss of - $7.2 million in Q3 2024. Year-to-date net loss was - $2.2 million, including an $11.0 million gain on the sale of the Savannah office building, compared to a net loss of - $29.0 million in 2024.
• Gross Margin: Q3 2025 gross margin was 38.9%, a decline of 90 basis points compared to Q3 2024.
• SG&A Expense: Q3 2025 SG&A expense was $79.3 million, compared to $74.7 million in Q3 2024. Adjusted SG&A expenses levered 130 basis points compared to Q3 2024.
• Adjusted EBITDA: Q3 2025 adjusted EBITDA loss was - $2.9 million, compared to an adjusted EBITDA loss of - $3.3 million in Q3 2024.

Cash Flow

• Cash: Cash at quarter-end was $51.1 million, with no debt and no borrowings under a $75 million credit facility.

Unique Metrics

• Real Estate: Remodeled 24 stores and opened 3 stores in the quarter, ending the period with 593 locations.

Outlook / Guidance

• The company expects full-year comparable store sales to be up high-single digits and full-year gross margin to expand approximately 230 basis points compared to 2024. SG&A is expected to leverage approximately 90 basis points compared to 2024, and full-year EBITDA is now expected to be in the range of $10 million to $12 million, a $24 million to $26 million improvement compared to 2024.