Citi Trends Inc

Listed Company

CTRNCIK 0001318484NasdaqAcceleratedRetail-Apparel & Accessory StoresDelawareFY ends Jan 31

Period

FY 2026

Revenue

$819.96M

Net Income

$5.21M

Total Assets

$471.17M

Equity

$116.32M

Shares Out

8.34M

Op. Cash Flow

$20.95M

Business

Citi Trends Inc is an off-price value retailer that offers culturally relevant, trend-right fashion and home goods primarily for African American families. It sells apparel, accessories, footwear, beauty products and home & lifestyle merchandise through a mix of private-label and nationally recognized brands, including opportunistic extreme-value branded deals. The company merchandises its stores across six divisions: Womens, Mens, Kids, Accessories & Beauty, Home & Lifestyle, and Footwear. Citi Trends operates neighborhood stores in urban, suburban and rural U.S. markets supported by company distribution centers and vendor direct-to-store shipping.

Summary from filing dated 2025-04-16

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	820	753	748	795	992
Cost of sales (exclusive of depreciation shown separately below)	−495	−471	−463	−484	−584
Selling, general and administrative expenses	−313	−300	−285	−279	−308
Depreciation	−18	−19	−19	−21	−20
Asset impairment	−579,000	−3	−1	—	—
Gain on sale of building	11	—	—	—	—
Gain on insurance	482,000	—	—	—	—
Income (loss) from operations	4	−39	−19	75	80
Interest income	2	2	4	1	31,000
Interest expense	−342,000	−319,000	−306,000	−306,000	—
Income (loss) before income taxes	6	−37	−16	76	79
Income tax (expense) benefit	−296,000	−6	4	−17	−17
Net income (loss)	5	−43	−12	—	—
Basic net income (loss) per common share	0.65	−5.19	−1.46	7.17	6.98
Diluted net income (loss) per common share	0.63	−5.19	−1.46	7.17	6.91
Basic (in shares)	8	8	8	8	9
Diluted (in shares)	8	8	8	8	9

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	66	61	80	103	50
Inventory	114	123	130	106	124
Prepaid and other current assets	12	10	11	13	15
Income tax receivable	1	3	4	615,000	4
Total current assets	193	197	225	223	193
Property and equipment, net of accumulated depreciation of $301,921 and $297,396 as of January 31, 2026 and February 1, 2025, respectively.	54	51	56	60	75
Operating lease right of use assets	222	214	231	257	202
Other assets	2	846,000	1	1	1
Total assets	471	463	519	544	474
Accounts payable	101	102	100	81	99
Operating lease liabilities	44	48	46	53	48
Accrued expenses	15	17	16	16	15
Accrued compensation	13	7	7	11	26
Layaway deposits	383,000	388,000	384,000	344,000	364,000
Total current liabilities	173	174	170	161	187
Noncurrent operating lease liabilities	179	173	189	215	168
Deferred Tax Liability	245,000	142,000	—	—	—
Other long-term liabilities	2	2	2	2	2
Total liabilities	355	350	361	378	358
Common stock, $0.01 par value. Authorized 32,000,000 shares; 16,545,723 shares issued as of January 31, 2026 and 16,497,092 shares issued as of February 1, 2025; 8,345,917 shares outstanding as of January 31, 2026 and 8,547,841 shares outstanding as of February 1, 2025	163,000	162,000	160,000	160,000	159,000
Paid in capital	112	108	106	102	101
Retained earnings	281	276	319	331	272
Treasury stock, at cost; 8,199,806 shares held as of January 31, 2026 and 7,949,251 shares held as of February 1, 2025	−277	−271	−267	−267	−257
Total stockholders' equity	116	113	158	166	116
Commitments and contingencies (Note 7)	—	—	—	—	—
Total liabilities and stockholders' equity	471	463	519	544	474

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net income (loss)	5	−43	−12	59	62
Non-cash operating lease costs	48	49	50	51	50
(Gain) Loss on disposal of property and equipment	−602,000	27,000	238,000	10,000	201,000
Deferred income taxes	102,000	5	−2	99,000	3
Insurance proceeds related to operating activities	339,000	—	3	2	804,000
Non-cash stock-based compensation expense	5	3	4	4	5
Gain on insurance related activities	−339,000	—	−3	—	—
Inventory	9	8	−25	17	−20
Prepaid and other current assets	−2	622,000	2	2	2
Other assets	−1	160,000	178,000	134,000	−278,000
Accounts payable	−3	101,000	18	−18	13
Accrued expenses and other long-term liabilities	−55	−49	−58	−55	−53
Accrued compensation	6	330,000	−4	−15	−5,000
Income tax payable/receivable	2	1	−4	3	−9
Layaway deposits	−5,000	4,000	40,000	−20,000	−136,000
Net cash provided by (used in) operating activities	21	−4	−10	6	74
Purchases of property and equipment	−20	−10	−15	−22	−30
Insurance proceeds related to investing activities	630,000	—	2	1	192,000
Proceeds from sale of building	11	—	—	—	—
Net cash used in investing activities	−8	−10	−13	60	−30
Cash used to settle withholding taxes on vested restricted stock	−1	−887,000	−854,000	−2	−3
Repurchase of common stock	−6	−4	—	−10	−115
Net cash used in financing activities	−7	−5	−854,000	−12	−118
Net increase (decrease) in cash and cash equivalents	5	−19	−24	54	−73
Cash paid for interest	210,000	168,000	159,000	158,000	176,000
Cash (receipts) payments of income taxes	−2	−415,000	2	14	22
Accrual for purchases of property and equipment	2	4	3	2	3

Filings

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