SAVANNAH, Ga
Citi Trends, Inc. (NASDAQ: CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States, today announced the grant winners of its Black History Makers program.
In January 2021, CITIcares powered by Citi Trends, launched its Black History Makers program to honor Black entrepreneurs who are making an impact in their communities. To increase awareness of Black-owned businesses, and in honor of Black History Month, Citi Trends encouraged Black business owners to apply for one of ten $5,000 grants to further their business.
The Company’s Black History Makers program is guided and managed by its CITIcares Council. Launched in 2020, the CITIcares Council was created to oversee initiatives of change that will have a positive impact on the lives of Citi Trends’ customers and employees in the communities the Company’s stores call home.
Operator
Greetings, and welcome to the CTRN 4Q 20 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded on, Tuesday, March 16, 2021.
I would now like to turn the conference over to Nitza McKee, Senior Associate at ICR. Please go ahead.
Nitza McKee
Senior Associate
Thanks, Frank, and good morning, everyone. Thank you for joining us on Citi Trends fourth quarter 2020 earnings call. On our call today is our Chief Executive Officer, David Makuen; Chief Financial Officer, Pam Edwards; and Vice President of Finance, Jason Moschner.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Citi Trends Provides Fourth Quarter Business Update
February 18, 2021 GMT
SAVANNAH, Ga. (BUSINESS WIRE) Feb 18, 2021
Citi Trends, Inc. (NASDAQ: CTRN), the leading value retailer of apparel, accessories and home trends for way less spend primarily for African American and Latinx families in the United States, today provided a fourth quarter and full year 2020 business update.
Fourth Quarter and Full Year 2020 Business Update
Total sales for the fourth quarter ended January 31, 2021 are estimated to increase 19.4% to $251.9 million compared to $211.0 million in the fourth quarter of 2019. Comparable store sales in the fourth quarter increased 16.7%, exceeding prior expectations of comparable store sales in the positive low double-digit range.