Citi Trends: Impressive Q3, But The Stock Has Discounted A Full Turnaround

Group 1 - Citi Trends, Inc. (NASDAQ: CTRN) reported Q3 2024 results with a topline comparable expansion exceeding 5.5%, attributed to increased traffic and basket size [1] - The company's margins did not expand, and it experienced higher losses compared to previous periods [1] Group 2 - The analysis emphasizes a long-only investment approach, focusing on operational aspects and long-term earnings potential rather than market-driven dynamics [1] - The investment strategy suggests that only a small fraction of companies should be considered for buying at any given time, with most recommendations being holds [1]