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Citi Trends Beats, Profit Dips
By: DailyMarkets.com
Posted on May 16, 2012 at 13:08 PM EDT
Citi Trends Inc. (NASDAQ:CTRN), a value-priced retailer of urban fashion apparel and accessories, posted better-than-expected first-quarter 2012 results. Quarterly earnings of 69 cents per share comprehensively beat the Zacks Consensus Estimate of 47 cents per share. However, quarterly earnings declined 16.9% year over year from 83 cents, primarily due to a significant fall in comparable-store [...]

Citi Trends Inc. (NASDAQ:CTRN), a value-priced retailer of urban fashion apparel and accessories, posted better-than-expected first-quarter 2012 results. Quarterly earnings of 69 cents per share comprehensively beat the Zacks Consensus Estimate of 47 cents per share.
However, quarterly earnings declined 16.9% year over year from 83 cents, primarily due to a significant fall in comparable-store sales coupled with rising operating expenses.
Turning to Numbers
During the quarter, Citi Trends recorded a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Related Stocks:
Citi Trends, Inc. Ross Stores, Inc. TJX Cos.
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