Citi Trends Q2 Loss Lower Than Estimated - Quick Facts

(RTTNews) - Citi Trends, Inc. (CTRN) Wednesday reported a reduction in its second-quarter net loss to $2.6 million or $0.17 per share from loss of $5.5 million or $0.37 per share a year ago. On average, four analysts polled by Thomson Reuters expected the company to report loss per share of $0.28 for the quarter. Analysts' estimates typically exclude special items. Quarterly sales rose by 5.2 percent to $145 million from $137.8 million last year. Comparable store sales increased 5.3 percent year-over-year. Analysts' revenue estimate was $141.30 million.