Citi Trends, Inc. Provides Guidance for the Second Half and Full Year 2022
August 24, 2022 at 04:15 pm IST
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Citi Trends, Inc. provided updated guidance for 2022. For 2022, the company expects low single digit increase in second half total sales compared to first half total sales. Expects second half operating income to be approximately in line with the second half of 2019
For the full year this represents an 8% to 10% decline from the mid-point of previous guidance of $870 million.
Citi Trends, Inc. is a specialty retailer of apparel, accessories and home trends primarily for African American and multicultural families in the United States. The Company operates over 602 stores located in 33 states. It offers a range of merchandise, including a range of apparel for juniors, missy and women (plus size), including sportswear, outerwear, sleepwear, lingerie and scrubs; selection of apparel for men and big men, including sportswear and outerwear; an assortment of basics, fashion and trends for boys up to size 20 and girls up to size 16 and also, sizes for newborns, infants and toddlers, as well as kids uniforms and accessories; fashionable handbags, hats, belts, sunglasses, jewelry and watches for men and women, underwear and socks for the entire family, as well as beauty and fragrance offerings for women and men; home goods for the bedroom, bathroom, kitchen and decorative accessories, and casual and dress footwear in sizes for men, ladies and kids.