Citi Trends Inc 1Q 2026: Revenue $230.9M, EPS $0.91— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Citi Trends Inc reported strong Q1 2026 results, with revenue rising 14.4% to $230.9M and diluted EPS jumping to $0.91 from $0.11 year-over-year. Net income reached $7.8M. Growth was driven by 13.9% comparable store sales increases and net new store openings. The company operates 591 stores and plans approximately 25 new openings and 50 remodels for FY26, with capital expenditures forecast at $35–$40M.
Citi Trends Inc reported first-quarter 2026 results with revenue of $230.9M, up from $201.7M a year earlier, and diluted earnings per share of $0.91 versus $0.11 in the year‑ago quarter; net income was $7.8M compared with $0.9M in the prior-year period.
Financial Highlights
- Revenue was $230.9M for the thirteen weeks ended May 2, 2026, compared with $201.7M in the year-ago quarter; YoY change 14.4%.
- Net income was $7.8M for the thirteen weeks ended May 2, 2026, versus $0.9M in the year-ago quarter.
- Diluted EPS was $0.91 for the thirteen weeks ended May 2, 2026, versus $0.11 in the year-ago quarter.
Business Highlights
- Net sales grew 14.4% year over year to $230.9M, driven by 13.9% comparable store sales growth.
- Company opened net new stores contributing $1.5M and operated 591 stores across 33 states as of May 2, 2026.
- Continued strength in off-price apparel, accessories and home assortments targeting Black families.
- Cost of sales improved to 60.0% of sales and SG&A declined to 34.5% of sales, reflecting operating leverage on higher volumes.
- Investing in growth: planning roughly 25 new store openings and about 50 remodels; FY26 capital expenditures forecast at $35–$40M.
Original SEC Filing: Citi Trends Inc [ CTRN ] - 10-Q - Jun. 10, 2026