Citi Trends Shares Surge 13.6% on 6–8% FY26 Sales Growth Forecast and $35M Capex Plan
Citi Trends forecasts FY26 total sales growth of 6-8% and comp store sales up 5-7%, planning 25 new openings, 50 remodels and four closures with $35-40M capex. The retailer delivered 8.9% fourth-quarter comps growth, posted $7.4M profit on $230.4M revenue, prompting a 13.6% pre-market share surge.
1. FY26 Sales Guidance and Comp Forecast
Citi Trends forecasts FY26 total sales growth of 6-8% with comparable store sales up 5-7%, reflecting management’s confidence in sustained traffic improvements and operational discipline.
2. Store Expansion and Capital Allocation
The company plans to open 25 new stores, remodel 50 existing locations and close four underperforming sites, allocating $35-40 million in capital expenditures primarily to support these initiatives.
3. Fourth-Quarter Performance
In the quarter, the retailer delivered 8.9% comparable sales growth and 15.3% on a two-year basis, posting a $7.4 million profit on $230.4 million in revenue, marking its sixth consecutive positive comp quarter.
4. Share Price Reaction
Shares jumped 13.6% in pre-market trading to $50.16 following the upbeat outlook and strong quarterly results, underscoring investor enthusiasm for the updated guidance and operational momentum.