Citi Trends(US:CTRN)2025-12-02 11:56Sales Performance - Q3 2025 total sales reached $197.1 million, a 10.1% increase compared to Q3 2024, with comparable store sales growth of 10.8%[6] - Year-to-date total sales of $589.6 million, reflecting an 8.8% increase versus 2024, with comparable store sales growth of 10.0%[11] - Net sales for Q3 2025 were $197,091,000, an increase of 10.3% compared to $179,066,000 in Q3 2024[16] Financial Metrics - Gross margin for Q3 2025 was 38.9%, a decline of 90 basis points compared to Q3 2024[6] - SG&A expenses for Q3 2025 were $79.3 million, up from $74.7 million in Q3 2024, reflecting higher sales processing costs[6] - Net loss for Q3 2025 was $6.9 million, compared to a net loss of $7.2 million in Q3 2024[6] - Adjusted net loss for Q3 2025 was $7,089,000, compared to an adjusted net loss of $6,524,000 in Q3 2024[21] - Adjusted EBITDA loss improved to $2.9 million in Q3 2025 from a loss of $3.3 million in Q3 2024[11] - Adjusted EBITDA for Q3 2025 was $(2,912,000), an improvement from $(3,332,000) in Q3 2024[21] Future Projections - The company expects full-year EBITDA to be in the range of $10 million to $12 million, representing a $24 million to $26 million improvement compared to 2024[11] - For Q4 2025, comparable store sales are expected to increase by high-single digits, with gross margin projected between 40% and 41%[11] - The company has set a target of achieving approximately $45 million in EBITDA by fiscal 2027, a $60 million improvement from 2024 levels[5] Asset and Liability Changes - Total assets decreased to $464,260,000 in Q3 2025 from $467,076,000 in Q3 2024[18] - Total liabilities increased to $356,430,000 in Q3 2025 from $336,806,000 in Q3 2024[18] - Cash and cash equivalents rose to $51,098,000 in Q3 2025, up from $38,872,000 in Q3 2024[18] - Inventory decreased to $123,536,000 in Q3 2025 from $127,514,000 in Q3 2024[18] Store Operations - The company plans to open 3 new stores and remodel 62 stores in fiscal 2025, while closing 4 locations[11] - The company reported a gain on the sale of a building amounting to $10,960,000 during the thirty-nine weeks ended November 1, 2025[22]