Citi Trends reported strong second quarter results for fiscal 2025, with total sales reaching $190.8 million and a comparable store sales growth of 9.2%.
The company achieved a gross margin rate of 40.0%, the highest second quarter rate since fiscal 2021, showcasing improved operational efficiency.
Key highlights include increased customer traffic, successful execution of product assortments, and strategic initiatives driving sales growth.
Sales Growth
Total sales of $190.8 million increased by $14.2 million compared to Q2 2024, with comparable store sales growing by 9.2%.
Gross Margin
Gross margin reached 40.0%, marking an 890 basis point increase from Q2 2024, driven by reduced markdowns and improved operational performance.
SG&A Expenses
SG&A expenses were $78.9 million, reflecting costs to process higher sales and incremental incentive compensation from improved financial performance.
- Citi Trends' positive sales momentum and improved operational efficiency demonstrate the success of its strategic transformation.
- The company's consistent sales growth and margin expansion highlight the effectiveness of its initiatives to drive customer engagement and optimize performance.
With a solid financial performance in the second quarter of fiscal 2025, Citi Trends remains focused on sustainable growth and enhancing shareholder value through strategic execution and operational optimization.