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business20h ago
Citi Trends reports Q1 fiscal 2026 sales up 14.4% to $230.9M; adjusted EBITDA $13.9M
- Citi Trends reports Q1 2026 sales of $230.9 million, up 14.4% year over year.
- Comparable store sales rose 13.9% in Q1 2026, signaling strong demand.
- Adjusted EBITDA reached $13.9 million, more than doubling the prior year.
- Fiscal 2026 outlook remains intact with expected EBITDA of $35–$40 million.
- Store activity included two openings and 25 remodels in the quarter.
- The retailer plans about 25 new stores for fiscal 2026.
- Cash and equivalents totaled $81.1 million with no debt.
- Inventory stood at $115.2 million at quarter-end.
- Q1 2026 net income reached $7.8 million.
- Two-store openings, one closure, and 25 remodels reflect expansion and optimization.
- Leadership emphasized enhancing product mix and loyalty through new initiatives.
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