While reporting financial results for the fourth quarter on Tuesday, off-price value retailer Citi Trends, Inc. (CTRN) expects total sales growth of 6 to 8 percent, with comparable store sales growth in the range of 5 to 7 percent for the full-year 2026.
For the year, the Company also plans to open approximately 25 new stores, remodel 50 stores, and close 4 locations. Capital expenditures are expected to be in the range of $35 million to $40 million, with the majority of the spend on new stores and remodels
"With improving traffic trends, stronger operational discipline, and a clear path forward, we believe CITITRENDS is well positioned to continue driving profitable growth and shareholder value," said Ken Seipel, CEO.
The company delivered 8.9 percent comparable store sales growth in fourth quarter, or 15.3 percent on a two-year basis, marking our sixth consecutive quarter of positive comps.
In Tuesday's pre-market trading, CTRN is trading on the Nasdaq at $50.16, up $5.99 or 13.56 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.