Disappointing 3Q For Citi Trends
Citi Trends Inc. (NASDAQ:CTRN) recently reported disappointing third-quarter 2011 results. The company’s net loss widened 12 folds to $4.9 million compared with $0.4 million in the year-ago quarter. Adjusted net loss per share came in at 38 cents versus 3 cents in the year-ago quarter, primarily due to negative comparable store sales. Moreover, net loss [...]
Citi Trends Inc. (NASDAQ:CTRN) recently reported disappointing third-quarter 2011 results. The company’s net loss widened 12 folds to $4.9 million compared with $0.4 million in the year-ago quarter.
Adjusted net loss per share came in at 38 cents versus 3 cents in the year-ago quarter, primarily due to negative comparable store sales. Moreover, net loss was higher than the Zacks Consensus Estimate of 37 cents per share. On a reported basis, net loss per share came in at 46 cents.
During the quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards