Citi Trends Sees Higher Total Sales Growth In FY26; Stock Surges 13.6% - Update
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Citi Trends, Inc. (CTRN) reported a strong fourth quarter, projecting total sales growth of 6-8% and comparable store sales growth of 5-7% for FY26. The company plans to open 25 new stores, remodel 50, and close 4, with capital expenditures of $35-$40 million. CEO Ken Seipel expressed confidence in the company's growth potential. Following the announcement, CTRN's stock surged 13.6% to $50.16 in pre-market trading.
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