Citi Trends, Inc. stock price

Citi Trends, Inc. latest news:


  • 01/08/2018 05:07:09

    Lululemon's stock set to rally after profit, revenue outlook raised

    Shares of Lululemon Athletica Inc. were indicated up about 1.5% in premarket trade Monday, after the yoga-gear maker raised its fourth-quarter profit and revenue guidance ranges, citing accelerating trends during the holiday season. The company now expects adjusted earnings per share of $1.25 to $1.27, up from a previous range of $1.19 to $1.22. The revenue outlook was raised to $905 million to $915 million from $870 million to $885 million, with same-store sales expected to increase in the "high single digits" rather than the "mid-single digits" previously expected. "We are thrilled with our performance this holiday season that reflects an accelerating trend across all parts of our business, and we look forward to continued momentum in 2018 and beyond," said Chief Executive Laurent Potdevin. Separately, the company said it expects to recognize a "significant income tax expense" in the fourth quarter related to the one-time repatriation tax on accumulated foreign earnings, but said the tax reform will be favorable to the effective tax rate in 2018. The stock has rallied 29.6% over the past three months, while the SPDR S&P Retail ETF has climbed 10.7% and the S&P 500 has gained 7.6%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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