Filings/CTRN/10-Q

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KPIsSections13
Headline metrics
Revenue — GREEN$442.5M+12.7% YoY
Gross margin — GREEN40.3%
Net income — GREEN$6.8M+45.5% YoY
Net margin — GREEN1.5%
Operating margin — YELLOW1.3%
Income Statement
Income Statement
MetricValueFlag
Revenue$442.5MGREEN
Revenue (quarter)$211.6MGREEN
Gross Margin40.3%GREEN
Operating Margin1.3%YELLOW
Net Margin1.5%GREEN
Net Income$6.8MGREEN
EPS (diluted)$0.80GREEN
Balance Sheet
Balance Sheet
MetricValueFlag
Cash$55.9MGREEN
Broad Liquidity$55.9MGREEN
Current Ratio1.13GREEN
Total Assets$487.0MGREEN
Total Equity$124.6MGREEN
Cash Flow
Cash Flow
MetricValueFlag
Operating CF$6.7MGREEN
Cash Conversion (CFO/Rev)0.02GREEN
SBC % Revenue0.6%GREEN
Free Cash Flow-$8.9MGREEN

Sections in this filing

Financial Statements (unaudited)

Item 1. Financial Statements. ​ Citi Trends, Inc. Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except share data) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 1, ​ ​ ​ January 31, ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ ​ 2026 ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ ​ Current assets: ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 55,892 ​ $ 66,092 ​ ​ Inventory ​ 126,385 ​ 113,515 ​ ​ Prepaid and other current assets ​ 19,798 ​ 12,254 ​ ​ Income tax receivable ​ 1,217 ​ 1,187 ​ ​ Total current assets ​ 203,292 ​ 193,048 ​ ​ Property and equipment, net of accumulated depreciation of $ 311,640 and $ 301,921 as of August 1, 2026 and January 31, 2026, respectively. ​ 58,761 ​ 54,384 ​ ​ Operating lease right of use assets ​ ​ 222,781 ​ ​ 221,775 ​ ​ Other assets ​ 2,174 ​ 1,964 ​ ​ Total assets ​ $ 487,008 ​ $ 471,171 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders’ Equity ​ ​ ​ ​ ​ ​ ​ ​ Current liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Accounts payable ​ $ 106,205 ​ $ 100,693 ​ ​ Operating lease liabilities ​ ​ 44,466 ​ ​ 44,397 ​ ​ Accrued expenses ​ 17,328 ​ 15,134 ​ ​ Accrued compensation ​ 9,970 ​ 12,800 ​ ​ Layaway deposits ​ 1,510 ​ 383 ​ ​ Total current liabilities ​ 179,479 ​ 173,407 ​ ​ Noncurrent operating lease liabilities ​ 180,383 ​ 178,921 ​ ​ Deferred Tax Liability ​ ​ 287 ​ ​ 245 ​ ​ Other long-term liabilities ​ 2,213 ​ 2,278 ​ ​ Total liabilities ​ 362,362 ​ 354,851 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stockholders’ equity: ​ ​ ​ ​ ​ ​ ​ ​ Common stock, $ 0.01 par value. Authorized 32,000,000 shares; 16,527,405 shares issued as of August 1, 2026 and 16,545,723 shares issued as of January 31, 2026; 8,327,599 shares outstanding as of August 1, 2026 and 8,345,917 shares outstanding as of January 31, 2026. ​ 164 ​ 163 ​ ​ Paid in capital ​ 113,854 ​ 112,352 ​ ​ Retained earnings ​ 287,931 ​ 281,108 ​ ​ Treasury stock, at cost; 8,199,806 shares held as of August 1, 2026 and January 31, 2026 ​ ( 277,303 ) ​ ( 277,303 ) ​ ​ Total stockholders’ equity ​ 124,646 ​ 116,320 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments and contingencies (Note 7) ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders’ equity ​ $ 487,008 ​ $ 471,171 ​ ​ ​ ​ See accompanying notes to the condensed consolidated financial statements (unaudited). ​ 3 Table of Contents Citi Trends, Inc. Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share amounts) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Thirteen Weeks Ended ​ ​ ​ Aug