Citi Trends Inc (CTRN)

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Warum fällt Citi Trends Inc-Aktie (CTRN)?

Wir haben während der Handelssitzung 2024-04-30 einen Rückgang der Aktie Citi Trends Inc (CTRN) um 5.96% festgestellt. Obwohl dies auf normale Volatilität oder verschiedene interne und externe Faktoren zurückzuführen sein kann, beachten Sie bitte, dass wir die Situation aktiv beobachten und so schnell wie möglich zeitnahe Updates bereitstellen!

2023-11-28:

Shares of Citi Trends Inc (CTRN) dropped by 12.05% from $26.39 to $23.21 in the trading on Tuesday, November 28, 2023. The reason why CTRN is down today is due to the company reporting a much larger-than-expected loss for the third quarter. Analysts had predicted a $0.17 per share loss, but the actual loss was $0.56 per share. Sales also fell by 6.7%, and the company faced challenges in a tough clothing retail environment, particularly for its low-income customer base. The combination of declining sales and flat margins led to a significant drop in profits, and the outlook for the rest of the year remains uncertain. This disappointing financial performance likely drove the decline in CTRN shares.