Citi Trends, Inc. reported unaudited sales results for the first two months of the fourth quarter of fiscal 2018. For the period, the company reported total sales in the first two months of the fourth quarter of 2018 decreased 1.9% to $161.9 million compared with $165.1 million in the same period of 2017.  Comparing the nine weeks ended January 5, 2019 with the nine weeks ended January 6, 2018, comparable store sales decreased 0.7% during the two-month period, following a 4.8% increase in last year's fiscal November/December timeframe.

Total sales in the first 11 months of 2018 increased 3.1% to $730.2 million compared with $708.2 million in the same period of 2017. Comparable store sales increased 1.4% in the first 11 months of 2018, comparing the 48 weeks ended January 5, 2019 with the 48 weeks ended January 6, 2018.

Based on the November/December sales results and expectations for the remainder of the fourth quarter of fiscal 2018, the company has revised its diluted earnings per share guidance downward and now expects it to be in a range of $0.54 to $0.58 which, at its midpoint, would reflect a 47% increase from the $0.38 earned in the fourth quarter of 2017. 

Full year fiscal 2018 guidance is in a range of $1.60 to $1.64 which, at its midpoint, represents a 57% increase from the $1.03 earned in the full year fiscal 2017.