Citi Trends Inc (CTRN) Form 8-K — Aug 25, 2026
Citi Trends (NASDAQ: CTRN) delivered a strong Q2 fiscal 2026, with total sales up 10.9% to $211.6 million and comparable store sales up 10.5% (19.7% on a two-year basis), marking its eighth consecutive quarter of comp growth. Profitability improved sharply: Q2 adjusted EBITDA swung to $5.5 million from a $1.1 million loss a year ago, and first-half net income of $6.8 million with adjusted EBITDA of $19.4 million already exceeds what the company generated in all of fiscal 2025. The Q2 GAAP net loss of $0.9 million reflects lapping an $11.0 million one-time building-sale gain in the prior-year quarter.
Key figures
- Eps
- -$0.11 Q2 diluted; $0.80 first-half diluted ($0.84 basic)
- Revenue
- 211632000
- Guidance
- FY2026 comps +9% to 11% (raised from 8-10%); total sales growth 10-12% (raised from 9-11%); gross margin +50-70 bps; adjusted SG&A leverage 160-180 bps (raised from 130-160); adjusted EBITDA $38-42 million (raised from $35-40 million); 20 new stores (down from 25); capex $35-40 million
- Net Income
- -$0.9 million Q2 GAAP (adjusted +$0.4 million); $6.8 million first-half GAAP (adjusted $10.1 million)
- Total Debt
- 0
- Revenue Yoy
- +10.9% (Q2); +12.7% (first half)
- Total Assets
- $487.0 million
- Cash Position
- $55.9 million
- States
- 33
- Q2 sg a
- $82.3 million, 38.0% of sales
- Inventory
- $126.4 million (+7.5% YoY)
- Store count
- 594
- Credit facility
- $75 million, no borrowings
- Q2 gross margin
- 40.6% (+60 bps YoY)
- Q2 two year comps
- +19.7%
- Q2 adjusted ebitda
- $5.5 million vs. -$1.1 million in Q2 2025
- Ytd two year comps
- +21.8%
- Ytd adjusted ebitda
- $19.4 million vs. $5.3 million in 2025 (+$14.1 million)
- Q2 comparable store sales
- +10.5%
- Ytd comparable store sales
- +12.2%
Price after filing
Close on the filing date to close N calendar days later (from $74.35). Historical, not a forecast.
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