--- title: "Citi Trend | 8-K: FY2027 Q2 Revenue Beats Estimate at USD 211.63 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/296900615.md" datetime: "2026-08-25T10:55:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296900615.md) - [en](https://longbridge.com/en/news/296900615.md) - [zh-HK](https://longbridge.com/zh-HK/news/296900615.md) generator: "portal-rs" --- # Citi Trend | 8-K: FY2027 Q2 Revenue Beats Estimate at USD 211.63 M Revenue: As of FY2027 Q2, the actual value is USD 211.63 M, beating the estimate of USD 208.37 M. EPS: As of FY2027 Q2, the actual value is USD -0.11, beating the estimate of USD -0.32. EBIT: As of FY2027 Q2, the actual value is USD -1.255 M. Citi Trends, Inc. reported its financial results for the second quarter and the 26 weeks ended August 1, 2026, and updated its fiscal year 2026 outlook. The company’s performance for the second quarter and year-to-date periods showed growth across several key metrics, alongside strategic operational adjustments and an optimistic forward-looking guidance. #### Second Quarter 2026 Financial Highlights ##### Total Sales Total sales were $211.6 million, an increase of $20.9 million or 10.9% compared to the second quarter of 2025. ##### Comparable Store Sales Comparable store sales increased by 10.5% compared to the second quarter of 2025, driven by increases in average basket and transaction count, and grew by 19.7% on a two-year basis. ##### Gross Margin Gross margin was 40.6%, an increase of 60 basis points compared to the second quarter of 2025, primarily due to improved merchandise margin and investments to reduce shrink, partially offset by higher freight costs. ##### Selling, General and Administrative (SG&A) Expenses SG&A expense dollars were $82.3 million, or $80.4 million as adjusted. As a percentage of sales, adjusted SG&A was 38.0% compared to 40.6% in the second quarter of 2025. ##### Net Income (Loss) Net loss for the quarter was - $0.9 million. Adjusted net income was $0.4 million, compared to a net income of $3.8 million in Q2 2025 (which included an $11.0 million gain on the sale of the Savannah office building) or an adjusted net loss of - $5.4 million in Q2 2025. ##### Adjusted EBITDA Adjusted EBITDA was $5.5 million, an increase of $6.6 million compared to an adjusted EBITDA loss of - $1.1 million in the second quarter of 2025. ##### Cash and Debt Cash at quarter-end was $55.9 million, with no debt and no borrowings under a $75 million credit facility. ##### Merchandise Inventory Merchandise inventory stood at $126.4 million at the end of the quarter, representing an increase of 7.5% compared to the second quarter of 2025. ##### Store Operations Citi Trends, Inc. opened four new stores and closed one, resulting in 594 locations at the end of the period. The company remodeled 26 stores during the quarter, bringing the year-to-date total to 51 remodels. #### 26 Weeks Ended August 1, 2026 (Year-to-Date) Financial Highlights ##### Total Sales Total sales for the 26-week period were $442.5 million, an increase of $50.0 million or 12.7% compared to the same period in 2025. ##### Comparable Store Sales Comparable store sales increased by 12.2% compared to the 26-week period in 2025, and by 21.8% on a two-year basis. ##### Net Income Net income for the first half of Fiscal 2026 was $6.8 million. Adjusted net income was $10.1 million, compared to net income of $4.7 million in 2025 or an adjusted net loss of - $3.0 million in 2025. ##### Adjusted EBITDA Adjusted EBITDA was $19.4 million, compared to $5.3 million in 2025. This $14.1 million improvement was driven by higher sales, a 50 basis point increase in gross margin rate, and 260 basis points of SG&A leverage. #### Fiscal 2026 Outlook Citi Trends, Inc. updated its fiscal 2026 outlook, projecting comparable store sales growth of 9% to 11% and total sales growth of 10% to 12%. The company anticipates gross margin expansion of 50 to 70 basis points and adjusted SG&A leverage of 160 to 180 basis points, leading to forecasted adjusted EBITDA between $38 million and $42 million. Citi Trends, Inc. plans to open 20 new stores, invest in 10 to 15 additional remodels, and expects capital expenditures to be in the range of $35 million to $40 million. ### Related Stocks - [CTRN.US](https://longbridge.com/en/quote/CTRN.US.md) ## Related News & Research - [CTRN: Double-digit sales growth and margin expansion drove a raised outlook for fiscal 2026](https://longbridge.com/en/news/296900787.md) - [Michael Baker Reaffirms Buy on Citi Trends, Lifts Price Target to $81 Amid Strong Sales and Margin Momentum](https://longbridge.com/en/news/296959837.md) - [Uniti CEO Kenny Gunderman to present at Citi Global TMT Conference](https://longbridge.com/en/news/297014512.md) - [Citi Trends, Inc. $CTRN Shares Sold by Tectonic Advisors LLC](https://longbridge.com/en/news/295779606.md) - [Broadwind amends 8-K to add unaudited pro forma financials for Manitowoc asset sale](https://longbridge.com/en/news/296630976.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**