Citi trends announces first quarter 2023 results

Savannah, ga.--(business wire)--citi trends, inc. (nasdaq: ctrn), a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for african american and multicultural families in the united states, today reported results for the first quarter ended april 29, 2023. financial highlights – first quarter 2023 total sales decreased 13.7% vs. q1 2022 in line with guidance; comparable store sales decreased 14.1% compared to q1 2022 gross margin of 36.7%, or 37.
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