Citi Trends sees FY24 EBITDA $4M-$10M

Expects full year 2024 comparable store sales growth of mid-single digits. Full year gross margin to expand by approximately 75 to 100 basis points. SG&A dollars expected to increase by approximately 2.5% to 3.0% primarily driven by incentive compensation. Plans to open up to 5 new stores, remodel approximately 40 stores and close 10 to 15 underperforming stores, expecting to end fiscal 2024 with approximately 595 stores. Full year capital expenditures are expected to be approximately $20M.