Citi Trends, Inc. (CTRN)
by Zacks Equity ResearchJuly 06, 2012 | Comments : 0 Recommended this article: (0)
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Despite a 5% decline in comparable store sales, Citi Trends net sales increased 4.5% from the prior-year quarter, beating the Zacks Consensus Estimate. We believe Citi Trends effective cost-control initiatives and inventory management has helped it to drive growth.
Moreover, Citi Trends' extensive focus on store expansion strategy will drive top-line growth in the future. Looking ahead, the company has taken prudent steps to reduce inventory shrinkages, which we believe will facilitate its operational performance.
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