Citi Trends Inc
Business
Citi Trends, Inc. is an off-price value retailer specializing in apparel, footwear, accessories and home products for Black families. The company operates community-focused stores across multiple states, offering a three-tiered merchandise mix from value basics to branded treasure items at deep discounts off MSRP. Core divisions include Women's, Men's, Children's apparel, Accessories & Beauty, Home & Lifestyle, and Footwear, distributed through company-operated distribution centers. The retailer competes on culturally-relevant fashion, trend-driven buying, everyday low pricing without high-low promotions, and strategic store placement in urban, suburban and rural Black communities.
Summary from 10-K filed 2026-04-15
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Citi Trends Inc's CIK number?
Citi Trends Inc's SEC CIK number is 0001318484 (1318484). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Citi Trends Inc's SEC filings?
All of Citi Trends Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Citi Trends Inc last report earnings?
Citi Trends Inc (CTRN) most recently filed an earnings 8-K with the SEC on Jun 2, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-069202). This is Citi Trends Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Citi Trends Inc's most recent earnings 8-K?
Citi Trends Inc's latest earnings 8-K (Item 2.02) was filed Jun 2, 2026 under accession 0001104659-26-069202. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Citi Trends Inc's latest earnings 8-K →
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