Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
SAVANNAH, Ga. - Citi Trends Inc. said Wednesday that it expects its third-quarter loss to more than double from last year, as same-store sales fell in the quarter amid fear of a global recession.
| CTRN | 11.92 |  -1.11 |
The urban fashion retailer said it will likely report a loss between 9 cents and 13 cents per share when it reports results Nov. 24. During the same period last year, the Savannah-based company lost 4 cents per share.
Analysts surveyed by Thomson Reuters expect the company to post a loss of a penny per share.
Same-store sales, an important retail industry metric of sales in stores open at least a year, fell 4.2 percent during the three months ending Nov. 3.
Sales rose 5.4 percent to $104.9 million. Analysts polled by Thomson Reuters expect $113 million in revenue.
Citi Trends shares fell $2.04, or 13 percent, to close at $13.69. The stock has ranged from $10.76 to $28.12 over the past year.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
The U.S. Dollar weakened against the Euro after the release of the ADP employment report which showed the U.S. jobs market deteriorated last mont...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Get your next web design project done with our los angeles web design team - Best web design with great price.
Building your business and corporate credit for your small business.
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
