Citi Trends Stock Soars: Q1 Sales Surprise!

Citi Trends, Inc. surged 2.68% intraday, driven by a 2.017 billion USD in Q1 sales, up 8.3% year-over-year, exceeding analyst expectations of 1.836 billion USD. Comparable store sales rose 9.9%, reflecting increased traffic, basket size, and conversion rates. The company also raised its 2025 fiscal year comparable store sales growth forecast to the mid-single digits, up from low to mid-single digits.