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Citi Trends reports strong Q1 2026 results; raises EBITDA outlook

Jun 2, 2026, 6:49 AM EDT3 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong Q1 beat, debt-free balance sheet, and reaffirmed, higher EBITDA guidance imply multiple expansion potential as growth remains durable.

AI summary

What happened, with direct paths to the underlying reporting

Citi Trends delivered a strong start to 2026 with Q1 sales of $230.9M, up 14.4% and comparable-store sales up 13.9%, extending a 23.8% two-year growth trend. Net income was $7.8M and adjusted EBITDA reached $13.9M, more than doubling year-ago results. The company reaffirmed its 2026 EBITDA guidance of $35–$40M and plans to open about 25 new stores, supported by a debt-free balance sheet and healthy cash position.

  • Q1 2026 sales rose 14.4% to $230.9M; comps +13.9%.
  • Two-year comp stack up 23.8%, driven by traffic and basket size.
  • Net income $7.8M; adjusted EBITDA $13.9M, more than doubling 2025.
  • Guidance reaffirmed: 2026 adjusted EBITDA $35–$40M; 8–10% comps.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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