Citi Trends Reports 10.1% Increase in Net Sales for Third Quarter of Fiscal 2025

Citi Trends, Inc. reported its financial results for the third quarter and the first thirty-nine weeks of fiscal 2025, revealing a notable increase in net sales and a reduction in net loss compared to the previous fiscal period. For the thirteen weeks ended November 1, 2025, net sales reached $197.1 million, a 10.1% increase from $179.1 million in the same period last year. The company experienced a comparable store sales growth of 10.8%, contributing an additional $19.1 million to sales. However, the net loss for the quarter was $6.9 million, slightly improved from a loss of $7.2 million in the prior year.

In the first thirty-nine weeks of fiscal 2025, Citi Trends reported net sales of $589.6 million, an 8.8% increase from $541.9 million in the same period of 2024. The comparable store sales growth for this period was 10.0%, which added $53.2 million to sales. The company’s net loss for the first thirty-nine weeks was $2.2 million, a significant improvement from a loss of $29.0 million in the same period last year. This reduction in loss was attributed to a combination of increased sales and a gain of $11.0 million from the sale of a corporate office building.

Citi Trends also noted changes in its operational metrics, with total inventory at $123.5 million, reflecting a 3.1% decrease from the previous year. The company operated 593 stores across 33 states as of November 1, 2025. Selling, general, and administrative expenses increased by 6.2% to $79.3 million in the third quarter, primarily due to higher corporate and store expenses. However, as a percentage of sales, these expenses decreased to 40.3% from 41.7% in the prior year, indicating improved operational efficiency.

The company’s cash and cash equivalents stood at $51.1 million at the end of the quarter, compared to $38.9 million at the same time last year. Citi Trends has maintained a revolving credit facility with a $75 million commitment, which remains untapped as of the reporting date. The company plans to continue investing in new stores and remodels, with capital expenditures expected to reach approximately $23 million for fiscal 2025.

Looking ahead, Citi Trends is focused on navigating economic uncertainties, including inflation and changing consumer sentiment. The company aims to leverage its unique product offerings and customer loyalty to drive sales growth. Management remains cautious about the potential impacts of external factors on future performance but is optimistic about the ongoing improvements in operational metrics and financial results.