Citi Trends (CTRN) Earnings: Q2 Fiscal 2026 Results and Next Report Date

The quarter ended August 1, 2026 and Citi Trends published the results on August 25, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Citi Trends' fiscal year ends around the end of January. Q2 fiscal 2026 is the 13 weeks ended August 1, 2026, compared with the 13 weeks ended August 2, 2025.
• Q2 fiscal 2025 net income of $3.8 million included an $11.0 million gain on the sale of the Savannah office building.
• Citi Trends pre-announced preliminary Q2 sales on August 10, 2026 and reported full results on August 25, 2026. It does not report an adjusted EPS figure; its adjusted net income was $0.4 million.

Source: Citi Trends Q2 fiscal 2026 results, August 25, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

From the earnings release

In its Q2 fiscal 2026 release, Citi Trends said:

“Expecting comparable store sales growth in the range of 9% to 11%, slightly higher than previous outlook of 8% to 10%. Total sales growth is expected to be 10% to 12% for the year, slightly higher than previous outlook of 9% to 11%”

“Gross margin is expected to expand approximately 50 to 70 basis points, in line with our previous outlook”

“Adjusted EBITDA* is expected to be in the range of $38 million to $42 million, higher than previous outlook of $35 million to $40 million”

“New store count for 2026 is expected to be 20 versus the prior estimate of 25.”

Source: Citi Trends Q2 fiscal 2026 release, Aug 25, 2026.

This is the company's own guidance as of Aug 25, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CTRN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and diluted net income (loss) per share, each as first reported in that quarter's release.

Citi Trends's next report is expected around December 1, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2026 (this page), reported Aug 25, 2026

Citi Trends' net sales rose 10.9% to $211.6 million in Q2 fiscal 2026, up $20.9 million from $190.8 million a year earlier. Comparable store sales grew 10.5%, or 19.7% on a two-year basis, which Citi Trends called its eighth consecutive quarter of comparable store sales growth. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026; Citi Trends Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

According to the 10-Q, the comparable store increase added $19.8 million of sales and net store openings and closings added $1.0 million. The release says comparable sales were driven by increases in average basket and transaction count. (Citi Trends Form 10-Q, Q2 fiscal 2026, Sep 9, 2026; Citi Trends Q2 fiscal 2026 release, Aug 25, 2026)

Citi Trends is an off-price value retailer of apparel, accessories and home trends primarily for Black families in the United States. In the quarter, women's merchandise was 26% of net sales, children's 22%, men's 18%, accessories and beauty 17%, home and lifestyle 9% and footwear 8%. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026; Citi Trends Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

All sales come from its stores. Citi Trends opened four stores and closed one in the quarter, ending with 594 locations in 33 states, and remodeled 26 stores, for 51 remodels so far in the year. Merchandise inventory was $126.4 million at quarter end, up 7.5% from a year earlier. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026)

Citi Trends had a GAAP diluted loss of $0.11 per share in Q2 fiscal 2026, against diluted EPS of $0.46 a year earlier. The year-ago quarter included an $11.0 million gain on the sale of the Savannah office building; without it, the company reported an adjusted net loss of $5.4 million for that quarter. This year's net loss was $0.9 million and adjusted net income was $0.4 million. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026)

Gross margin rose 60 basis points to 40.6% on improved merchandise margin and investments to reduce shrink, partly offset by higher freight from fuel surcharges. SG&A rose $3.4 million to $82.3 million but fell to 38.9% of sales from 41.4%. Depreciation rose to $5.4 million from $4.5 million. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026; Citi Trends Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

Adjusted net income adds back equity-based compensation ($1.5 million in the quarter), which Citi Trends began excluding in 2026 and restated for prior periods, plus shareholder matters, leadership succession and workforce model transition costs. Weighted average shares were 8,183 thousand. No shares were repurchased in the first 26 weeks of fiscal 2026, and $40 million of repurchase authorization remains. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026; Citi Trends Form 10-Q, Q2 fiscal 2026, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Citi Trends gives a full-year outlook in its release. After Q2 it raised its fiscal 2026 range for comparable store sales growth to 9% to 11% (from 8% to 10%) and total sales growth to 10% to 12% (from 9% to 11%), and raised adjusted EBITDA to $38 million to $42 million from $35 million to $40 million. It expects gross margin to expand about 50 to 70 basis points and adjusted SG&A to leverage about 160 to 180 basis points. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026)

It cut its 2026 new store count to 20 from 25, added 10 to 15 remodels on top of the 50 it had planned, and kept capital expenditures at $35 million to $40 million. Citi Trends does not reconcile its forward non-GAAP measures to GAAP. (Citi Trends Q2 fiscal 2026 release, Aug 25, 2026)

A consensus figure is the average of the models published by the analysts who cover Citi Trends, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Citi Trends's own release and filings put weight on for Q2 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CTRN is on is CTRN a buy or a sell?, what analysts expect next is on the CTRN forecast, and what the company does is on the Citi Trends (CTRN) stock page.

Every number on this page can be traced to a document Citi Trends published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.