Value2020202120222023TTMSelling/general/admin expenses307.62 M279.18 M284.53 M300.17 M310.59 MResearch & development—————Operating income79.52 M75.31 M-19.45 M-39.49 M4.54 MNon-Operating Income, Total31 K1.03 M3.87 M2.47 M1.92 MInterest expense, net of interest capitalized306 K306 K306 K319 K336 KNon-Operating Income, excl. Interest Expenses-275 K728 K3.57 M2.15 M1.58 MUnusual income/expense—————Pretax income79.24 M76.03 M-15.89 M-37.33 M3.86 MEquity in earnings—————Taxes17 M17.14 M-3.91 M5.84 M—Non-controlling/minority interest—————After tax other income/expense—————Net income before discontinued operations62.24 M58.89 M11.98 M43.17 M16.38 MDiscontinued operations—————Net income62.24 M58.89 M11.98 M43.17 M16.38 MDilution adjustment—————Preferred dividends—————Diluted net income available to common stockholders62.24 M58.89 M11.98 M43.17 M25.76 MBasic earnings per share (Basic EPS)6.987.17-1.46-5.19-1.98Diluted earnings per share (Diluted EPS)6.917.17-1.46-5.19-1.97Average basic shares outstanding8.91 M8.22 M8.22 M8.31 M32.42 MDiluted shares outstanding9.01 M8.22 M8.22 M8.31 M32.77 MEBITDA120.5 M116.5 M18.76 M-1.82 M23.68 MEBIT100.11 M95.91 M-226 K-20.64 M5.64 MCost of revenue584.06 M484.02 M462.82 M471.04 M484.18 MOther cost of goods sold584.06 M484.02 M462.82 M471.04 M484.18 MDepreciation & amortization (cash flow)20.39 M20.59 M18.99 M18.82 M18.04 M
Citi Trends Inc
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
The company opened its first store in Savannah, Georgia in 1958 under the name Allied Department Stores. The company began renaming its stores Citi Trends in 2000, and officially became Citi Trends a year later.
Citi Trends comprises more than 600+ stores in 33 states. The chain is known for targeting urban, lower-income customers. In May, 2005, Citi Trends had become a publicly traded company on the Nasdaq exchange with the symbol CTRN. The headquarters of Citi Trends is located in Savannah, Georgia. There is also a distribution center in Darlington, South Carolina along with one in Roland, Oklahoma. On February 28, 2005, Citi Trends Inc. went public in an initial public offering of stock worth up to $57.5 million.
In March 2017, Chief Executive Jason Mazzola resigned after two years in the position and five years at the company. Chief Financial Officer and Chief Operating Officer Bruce Smith will step in as acting CEO until a permanent replacement can be found.