Apparel retailer Citi Trends jumps on full-year sales forecast raise

Citi Trends

02/12/2025 14:07

** Shares of apparel and accessories retailer Citi Trends  up about 10% at $48.40 premarket

** Co raises FY2025 same-store sales growth forecast to high-single digits, which is on the high end of previous outlook

** Q3 comparable store sales rise 10.8% yr/yr

** "Increased traffic is driving the majority of our sales growth. We delivered a strong back-to-school season fueled by continued momentum in our Children’s, Men's and Basic apparel divisions," says CEO Ken Seipel

** Up to last close, stock up about 28% YTD

(Reporting by Sanskriti Shekhar in Bengaluru )

((Sanskriti.Shekhar@thomsonreuters.com))