Citi Trends(CTRN) - 2025 Q4 - Annual Results

Sales Performance - Q4 2024 total sales reached $211.2 million, with comparable store sales growth of 6.4$753.1 million, reflecting a 0.7% increase compared to the previous year[5] - Net sales for the fourth quarter of fiscal year 2025 were $211,172, a decrease of 1.5$215,179 in the same quarter of the previous year[18] - For the fiscal year 2025, net sales were $753,079, an increase of 0.2$747,941 in fiscal year 2024[18] Profitability and Loss - The company reported a net loss of $(43.2) million for fiscal 2024, compared to a net loss of$(12.0) million in 2023[5] - The company reported a net loss of $14,177 for the fourth quarter, compared to a net income of$3,551 in the fourth quarter of fiscal year 2024[18] - The company reported a basic net loss per common share of $5.19 for fiscal year 2025, compared to a basic net income per common share of$7.17 in fiscal year 2024[18] Gross Margin - Q4 2024 gross margin was 39.7%, an increase of 60 basis points from Q4 2023[5] - Full year gross margin for fiscal 2025 is expected to expand by a minimum of 220 basis points compared to 2024[11] - The adjusted gross margin for fiscal year 2025 was 37.5%, down from 38.1% in fiscal year 2024[24] EBITDA - Adjusted EBITDA for Q4 2024 was $7.1 million, down from$10.0 million in Q4 2023[5] - Adjusted EBITDA for the fourth quarter of fiscal year 2025 was $7,098, down from$9,989 in the fourth quarter of fiscal year 2024[23] Liquidity and Debt - The company ended fiscal 2024 with liquidity of approximately $136 million, including$61 million in cash and no debt[1] - Cash and cash equivalents decreased to $61,085 as of February 1, 2025, from$79,706 as of February 3, 2024[20] Future Outlook - For fiscal 2025, the company expects low to mid-single digit comparable store sales growth and EBITDA improvement of $19 million to$23 million compared to fiscal 2024[11] - The company plans to remodel approximately 50 stores and open up to 5 new locations in fiscal 2025[11] Assets and Liabilities - Total assets decreased to $462,769 as of February 1, 2025, from$518,721 as of February 3, 2024[20] - Total liabilities decreased to $349,594 as of February 1, 2025, compared to$361,015 as of February 3, 2024[20] Share Repurchase - In Q4 2024, the company repurchased 145,238 shares for a total of $3.8 million, with$46.2 million remaining under the share repurchase program[8] Asset Impairment - The company incurred asset impairment charges of $701 in the fourth quarter of fiscal year 2025, compared to$873 in the same quarter of the previous year[18]