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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Citi Trends Lifts Outlook As CEO Highlights Robust Back-To-School Sales Momentum

Citi Trends CTRN Nasdaq
Citi Trends-Photo by Bruce VanLoon via Shutterstock

Citi Trends, Inc. (NASDAQ:CTRN) reported second-quarter sales of $190.75 million (+8% year over year) on Tuesday, beating the analyst consensus estimate of $188.397 million.

Comparable store sales in the quarter under review increased by 9.2% compared to the same quarter in the year-ago period, driven by traffic, basket, and conversion increases.

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