Will Forsberg's questions to Citi Trends Inc (CTRN) leadership • Q1 2025
Question
Will Forsberg from Craig-Hallum Capital Group LLC asked for more detail on sales trends by product category, questioning which areas were strongest in Q1 and where management sees the most opportunity for improvement. He also inquired about the quantifiable performance uplift from the 36 store remodels completed year-to-date.
Answer
CEO Ken Seipel and CFO Heather Plutino both emphasized that the strong Q1 performance was exceptionally broad-based, with significant growth across all categories, regions, and store volumes, rather than being driven by a single area. Seipel identified plus-sizes, big men's apparel, and enhancing trend relevancy in juniors and young men's as key future growth opportunities. Regarding remodels, Plutino stated that while it is still early to quantify results, the company is pleased with the performance, which is consistent with prior remodel classes.