Citi Trends, Inc., a leading off-price value retailer, reported a notable increase in its first quarter fiscal 2025 results. The company achieved comparable store sales growth of 9.9%, contributing to a total year-over-year sales growth of 8.3%, or $15.4 million, bringing total sales to $201.7 million. The adjusted EBITDA for the quarter was $5.4 million, marking an increase of $6.2 million compared to the previous year. The balance sheet remains strong, with ample liquidity and no debt. Looking ahead, Citi Trends has raised its fiscal 2025 outlook, maintaining an expected effective tax rate of approximately 0%. The company plans to open up to five new stores, remodel around 50 stores, and potentially close up to five locations. Capital expenditures for the full year are anticipated to remain in the range of $18 million to $22 million.
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