Citi Trends announces results for holiday selling period

Citi Trends announced results for its holiday selling period. Total sales for the quarter-to-date period ending January 6 of $179.5M compared to $181.9M in the same period in 2022. Comparable store sales for the quarter-to-date period ending January 6 were down -0.3% versus the same period in 2022. David Makuen, CEO, said, “I am pleased to report that our holiday sales were at the high end of our expectations as our Ready. Set. GIFT! Campaign resonated well with the families we serve. Our nearly flat comp was driven by strategic inventory investments while continuing to generate strong gross margin. Importantly, our holiday sales results represent a significant trend change to the prior quarter with an improvement in comp sales performance of approximately 600 basis points.”