Citi Trends lowers outlook after wider Q2 loss
Savannah, Ga. Citi Trends reported Wednesday that its loss for the second quarter ended July 31 widened to $567,000, compared with a loss of $69,000 in the year-ago period.
The retailer lowered its full-year guidance after the bigger loss.
Revenue rose 16% to $129 million, from $111.6 million in the previous year. Wall Street expected revenue of $137.3 million.