Citi Trends, Inc. (CTRN) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

is being recorded. I would now like to turn the conference over to your host, Nita McKee, Senior Associate at ICR. Thank you. You may begin. Thank you, and good morning, everyone. Thank you for joining us on CityTrend's first quarter 2025 earnings call. On our call today is Chief Executive Officer, Ken Seipel, and Chief Financial Officer, Heather Plutino. Our earnings release was sent out this morning at 6.45 a.m. Eastern Time. If you have not received a copy of the release, it's available on the company's website under the investor relations section at www.citytrends.com. You should be aware that prepared remarks today made during this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Management may make additional forward-looking statements in response to your questions. These statements do not guarantee future performance. Therefore, you should not place undue reliance on these statements. We refer you to the company's most recent report on Form 10-K and other subsequent filings within the Securities and Exchange Commission for more detailed discussion of the factors that can cause actual results to differ materially from those described in the forward-looking statements. I will now turn the call over to our Chief Executive Officer, Ken Seipel. Ken? Thank you, and good morning, everyone. Thanks for joining us today for our first quarter earnings call. I'm happy to report that Cititrans were gaining traction on our strategic transformation. Please report that our first quarter progress in which total sales grew 15.4 million or 8.3% over the prior year and our adjusted EBITDA increased 6.2 million, representing a sales to profit flow through of 40%. Our strong profit flow through was driven by gro...