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Citi Trends Reports Third Quarter Fiscal Earnings Snapshot


Citi Trends Inc., based in Savannah, Georgia, reported a loss of $7.2 million in its fiscal third quarter. The clothing and accessories company posted revenue of $179.1 million during this period. On a per-share basis, Citi Trends reported a loss of 86 cents, which was adjusted to 78 cents per share when accounting for one-time gains and costs. This information was provided by Zacks Investment Research and Automated Insights.

Despite the loss, Citi Trends remains a significant player in the retail industry, offering affordable and trendy clothing and accessories to its customers. The company’s performance in the third quarter reflects challenges faced by many retailers, particularly in the midst of an evolving retail landscape and changing consumer preferences.

Citi Trends continues to adapt to these changes by focusing on providing its customers with quality products at competitive prices. The company’s revenue in the third quarter demonstrates its ability to attract customers and generate sales, even in a challenging market environment.

Investors and industry analysts will be watching closely to see how Citi Trends navigates these challenges in the coming months. With a strong brand and loyal customer base, the company is well-positioned to weather the storm and emerge stronger in the long run.

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