* Says Jan comp sales down 8.1 pct
* Q4 sales $169.8 vs est $168.8
* Shares fall 5 pct after the bell
Feb 3 (BestGrowthStock) – Citi Trends Inc (CTRN.O: ) posted
fourth-quarter sales that edged past market expectations and
said sales at stores open at least a year declined 8.1 percent
in January.
The fashion-apparel retailer said revenue for the fourth
quarter rose 16 percent to $169.8 million.
Analysts on average were looking for revenue of $168.8
million, according to Thomson Reuters I/B/E/S.
Shares of the Savannah, Georgia-based company were down 5
percent at $27.99 in after-market trade. They closed at $29.42
Wednesday on Nasdaq.
Stock Today
(Reporting by Vidya Lakshmi in Bangalore; Editing by Anne
Pallivathuckal)
UPDATE 1-Citi Trends Q4 revenue edges past Street
