SAVANNAH, Ga. (AP) — Citi Trends Inc. (CTRN) on Tuesday reported fiscal first-quarter net income of $30.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Savannah, Georgia-based company said it had profit of $3.23.
The clothing and accessories company posted revenue of $285.4 million in the period.
Citi Trends expects full-year earnings to be $4.55 to $4.75 per share, with revenue in the range of $970 million to $990 million.
Citi Trends shares have increased 81% since the beginning of the year. The stock has risen sixfold in the last 12 months.