Citi Trends (CTRN) reported earnings on Wed 8/19/15 before open

charts after earnings

 

 Citi Trends beats by $0.13, reports revs in-line, initiates quarterly dividend of $0.06/share, announces $15 mln share repurchase program:

Reports Q2 (Jul) earnings of $0.01 per share, $0.13 better than the Capital IQ Consensus Estimate of ($0.12); revenues rose 6.1% year/year to $153.88 mln vs the $153.7 mln consensus. 

• The Company also announced that its Board of Directors approved the initiation of a cash dividend payment at an annual rate of $0.24 per share and a share repurchase program of up to $15 million. The first quarterly dividend payment of $0.06 per share will be paid on September 15, 2015, to stockholders of record as of September 1, 2015.
• Comparable store sales increased 3.9% in the quarter.